6th High-Level Meeting of the Governing Board of the OECD Development Centre

6th High-Level Meeting of the Governing Board of the OECD Development Centre

VIENNA, 6 October 2020 - The Director General LI Yong participated in the 6th High-Level Meeting of the Governing Board of the OECD Development Centre.  The overarching theme of the meeting was “A New Deal for Development: Laying the Foundations for a Resilient Recovery and Beyond” and it was organized to discuss national and international responses to the unprecedented crisis with its 56 member countries, the EU and other invited international partners and regional organizations. The Director General took part in the intermezzo session which focused on the regional perspective for building a new deal for development. Speaking alongside distinguished speakers from regional agencies, including the Economic Commission for Latin America and the Caribbean (ECLAC), the Italo-Latin American Institute (IILA), the African Union Commission (AUC) and the Economic Research Institute for ASEAN and East Asia (ERIA), the Director General presented the global perspective. The Director General highlighted the UNIDO response plan to COVID-19, noting the urgent need to support productive capacities of developing countries, strengthen vulnerable chains of the manufacturing sector, especially SMEs. He also stressed the fundamental role of industrial policy support for long-term development, income generation, inclusiveness and job creation, in particular for women and youth and to overcome the current COVID-19 crisis. The Director General underlined the importance of inclusive and sustainable industrial development (ISID) in the recovery process.  

The Director General also emphasized the role of digitization, technology and innovation of the Fourth Industrial Revolution and a transition to low-carbon economies in the new strategies, and the need to ensure that the “build back better” effort is one that leads to transformation that is inclusive, resilient and sustainable. Stressing the importance of multilateralism, partnerships and international development cooperation, the Director General concluded that, “there will be no recovery until it is global”.