The announcement – made earlier this week – also highlighted specific sectors that will be targeted, including employment, energy, environment and natural resources, financial services, migration, trade and investment, and the rule of law and democratic values.

Partnership

Several projects were also announced which will build on the already well established partnership. The IBA will assist in training initiatives and drafting guidelines for the G20 High-level Principles on Financial Consumer Protection, as well contributing to the OECD policy-making process.
IBA President Akira Kawamura commented: ‘We are delighted to extend this important partnership in order to combine and maximise the resources both organisations are devoting to improve economic activity and justice in a number of areas. Equally, the IBA, OECD and the United Nations Office on Drugs and Crime will continue to develop our Anti-Corruption Strategy for the Legal Profession into a more permanent programme for the legal sector, and work to promote best practices, academic modules and guidelines in the field of anti-corruption.’

Legal profession

The OECD’s Director of Legal Affairs, Nicola Bonucci, added: ‘OECD and IBA are global voices in an increasingly complex and interdependent world. Today's signing is the recognition of what each institution can bring to each other: the IBA expertise is welcomed by the OECD while the IBA will raise the awareness of the legal profession on OECD work and standards.'