The Latest Breaking News from OECD

Hungary vetoed an 18 billion euro ($19 bln) loan to Ukraine from the European Union on Tuesday as its row with the bloc over undermining democracy rumbled on and the other 26 member states delayed a decision on releasing billions of aid to Budapest.

There are a wide range of ways to create decision-making bodies in democratic societies. Elections are one of the most common, with individuals stepping forward and seeking public support. If elected by their fellow citizens, they then take action on their behalf. This is known as representative democracy. An alternative…

Nine months into Russian President Vladimir Putin’s war in Ukraine, the damage done to the world’s 11th-largest economy is extensive. Leading Russian banks have been cut out of the global financial system, some $300 billion of central bank reserves are frozen, and hundreds of foreign companies have departed. Parts shortages…

The Three Waters tensions are a symptom of a deeper democracy and legitimacy problem, says visiting author, that can only be addressed by allowing New Zealanders to participate in decision-making.

“Ireland will go from being one of the world’s top savers - when they ranked 2nd in 2020 - to ranking 16th in 2022.”

The OECD predicts 1.9% economic growth for Australia next year. That’s the good news

Labour leader condemns non-dom and windfall tax avoidance, accusing PM of not standing up to his party

Sir Keir Starmer issued the worrying figure during Prime Minister's Questions

Developing nations hope draft resolution will pave way for fresh talks on global tax policy