Earlier today, the Organisation for Economic Co-operation and Development (OECD) hosted the seventh annual meeting of the Partnership of International Organisations for Effective International Rulemaking (IO Partnership).
The meeting concluded with the publication of a Joint Statement of International Organisations in Support of Effective International Rulemaking.
Signed by nearly 50 major international organizations, as diverse as the World Health Organization (WHO), World Trade Organization (WTO), United Nations Educational, Scientific and Cultural Organization (UNESCO), the International Energy Agency (IEA), and the International Organization for Securities Commissions (IOSCO), the Joint Statement reiterates the central role that international organizations play in promoting the global public good, tackling transboundary issues, and achieving the United Nations Sustainable Development Goals (SDGs).
IFAC is proud to be a member of the OECD IO Partnership and a signatory to the Joint Statement. The Joint Statement complements IFAC’s G20 Call to Action and its themes of Recommit to Global Collaboration and Resist Regulatory Fragmentation.
“The COVID crisis has been a wake-up call,” said Kevin Dancey, IFAC CEO. “No one can effectively address the problems of the 21st century acting alone. The OECD IO Partnership is invaluable because it positions us to learn from one another, effectively coordinate, and better deliver on our respective public interest mandates and SDGs.”
Nicola Bonnuci, IO partnership facilitator, commented, “The IO Partnership provides an ideal space to exchange on the challenges facing IOs in the adaptation of our rulemaking activities to arising emergencies and the changes of the digital era, to rethink the forms of cooperation between IOs, and to deliver instruments that are trusted by governments, civil society and other stakeholders.”
The International Federation of Accountants (IFAC) is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC comprises more than 175 members and associates in more than 130 countries and jurisdictions, representing more than 3 million accountants in public practice, education, government service, industry, and commerce.
ABOUT THE OECD IO PARTNERSHIP
The OECD established the Partnership of International Organisations for Effective International Rulemaking (IO Partnership), a voluntary platform of IOs, academics, and OECD Regulatory Policy Committee (RPC) delegates, to exchange good practices and promote greater quality, effectiveness, and impact in international rulemaking. Meeting annually, the IO Partnership reflects on issues central to the international rulemaking processes, including transparency, inclusiveness, implementation, monitoring, promotion and coordination.