In a globally interdependent world, a better financial and investment system cannot be achieved on a country-by-country basis. There may be no one-size-fits-all model for economic development, but without global standards and complementary regulations, the long-term outlook for the world economy will remain bleak.

In order to encourage private investors to pursue long-term, responsible projects, governments need to promote consistent policies and frameworks.

Regulations for international accounting and funding will have to be examined to identify policies that inadvertently discourage institutional investors from putting their resources into longer-term, illiquid assets.

Jose Angel Gurria Quotes