OECD relies heavily on consultation and collaboration with external partners, and has a number of systems to support information/data sharing and discussion forums.
The government must restore sound public finances once recovery takes hold, and improve credit conditions to help the economy emerge from recession, the OECD said in a report on Monday.
The OECD warned that "public finances have deteriorated sharply" since the beginning of the recession and called on the UK to continue to develop "a strong and credible" framework for reducing the ratio of debt to output.
The G20 made reference to the report, issued by the OECD on the same day, detailing the progress of 82 jurisdictions in implementing internationally agreed tax standards on transparency and exchange of information.
