François Hollande returns to the OECD

French President François Hollande met the Heads of five international economic organisations at the OECD on Friday 17 October to discuss the challenges facing the global economy. 

Hosted by the OECD Secretary-General, Angel Gurría, top officials Christine Lagarde from the International Monetary Fund, Jim Yong Kim from the World Bank Group, Roberto Azevêdo from the World Trade Organization and Guy Ryder from the International Labour Organisation met with the President. The French Ministers of Foreign Affairs, Finance, Economy and Employment and the Secretary of State for Trade also be attended the meeting.

At a news conference ahead of the meeting, Mr Gurría spoke about the need for France to push ahead with its reform plans. He said “productivity gains have been modest since the mid-1990s and competitiveness has declined. The structural reforms underway, which have the strong support of the OECD, are indispensable.”

Quoting a new OECD study, Mr. Gurría said that “full implementation of the reform programme could boost potential annual economic growth by one third, or 0.4 percentage point annually over ten years.”


President Hollande said the OECD’s estimates were “an encouragement for France to push ahead with its reforms.” Noting that France’s planned reforms were in the spirit of the OECD’s 2012 report on French competitiveness, he said “this is above all about creating economic activity” and said France intended “to move quickly in implementing these reforms”. “It’s the long-term results that will give credibility to these reforms.”

World Bank Group President Jim Yong Kim said the world had not yet understood the potential risk to the global economy of the Ebola crisis. “We have still not yet got our heads around the global solidarity needed to solve this problem.”

Useful links

France: Les réformes structurelles : impact sur la croissance et options pour l’avenir

OECD Economic Outlook 2014

OECD Employment Outlook 2014

OECD Economic Surveys: European Union 2014

Main Economic Indicators: France 2014

© OECD Observer 2014




Economic data

E-Newsletter

Stay up-to-date with the latest news from the OECD by signing up for our e-newsletter :

Twitter feed

Suscribe now

<b>Subscribe now!</b>

To receive your exclusive paper editions delivered to you directly


Online edition
Previous editions

Don't miss

  • Read some of the insightful remarks made at OECD Forum 2017, held on 6-7 June. OECD Forum kick-started events with a focus on inclusive growth, digitalisation, and trust, under the overall theme of Bridging Divides.
  • Checking out the job situation with the OECD scoreboard of labour market performances: do you want to know how your country compares with neighbours and competitors on income levels or employment?
  • Trade is an important point of focus in today’s international economy. This video presents facts and statistics from OECD’s most recent publications on this topic.
  • How do the largest community of British expats living in Spain feel about Brexit? Britons living in Orihuela Costa, Alicante give their views.
  • Brexit is taking up Europe's energy and focus, according to OECD Secretary-General Angel Gurría. Watch video.
  • OECD Chief Economist Catherine Mann and former Bank of England Governor Mervyn King discuss the economic merits of a US border adjustment tax and the outlook for US economic growth.
  • Africa's cities at the forefront of progress: Africa is urbanising at a historically rapid pace coupled with an unprecedented demographic boom. By 2050, about 56% of Africans are expected to live in cities. This poses major policy challenges, but make no mistake: Africa’s cities and towns are engines of progress that, if harnessed correctly, can fuel the entire continent’s sustainable development.
  • OECD Observer i-Sheet Series: OECD Observer i-Sheets are smart contents pages on major issues and events. Use them to find current or recent articles, video, books and working papers. To browse on paper and read on line, or simply download.
  • How sustainable is the ocean as a source of economic development? The Ocean Economy in 2030 examines the risks and uncertainties surrounding the future development of ocean industries, the innovations required in science and technology to support their progress, their potential contribution to green growth and some of the implications for ocean management.
  • The OECD Gender Initiative examines existing barriers to gender equality in education, employment, and entrepreneurship. The gender portal monitors the progress made by governments to promote gender equality in both OECD and non-OECD countries and provides good practices based on analytical tools and reliable data.
  • They are green and local --It’s a new generation of entrepreneurs in Kenya with big dreams of sustainable energy and the drive to see their innovative technologies throughout Africa. blogs.worldbank.org
  • Interested in a career in Paris at the OECD? The OECD is a major international organisation, with a mission to build better policies for better lives. With our hub based in one of the world's global cities and offices across continents, find out more at www.oecd.org/careers .

Most Popular Articles

OECD Insights Blog

NOTE: All signed articles in the OECD Observer express the opinions of the authors
and do not necessarily represent the official views of OECD member countries.

All rights reserved. OECD 2017