Plenary 2. Improving multi-level governance to support investment and regional development
May 20, 2025 | 2:30 PM - 4:00 PMPlenary
May 20, 2025 | 2:30 PM - 4:00 PM
Plenary
Description
Responding to shocks and global transitions requires managing policy trade-offs and reinforces the need for strong institutions and effective public investment – especially given limited financial, technical and human resources, including at the subnational level. Across the OECD, regional and local governments are taking on more responsibilities and funding to deliver territorial development plans and essential public services such as education, healthcare, and transport.
At the same time, providing public services and infrastructure to support regional development depends on well-coordinated public investment across levels of government and stronger public-private cooperation. Most OECD countries now face higher deficits and debt than before the pandemic, alongside rising debt servicing costs due to higher interest rates. This session invites Ministers to discuss solutions to overcome common implementation barriers, including governance arrangements, territorial and institutional reforms, public and private finance, fiscal mechanisms, and capacity building.
