Assessment by international organisations

The performances of Belgium in science, technology, innovation and competitiveness are regularly assessed in reports by international organisations. The relative strengths and weaknesses of the Belgian innovation system identified in international reports are hereafter summarised.

European Commission

The European Commission is one of the main institutions of the European Union. It represents and upholds the interests of the EU as a whole. It drafts proposals for new European laws. It manages the day-to-day business of implementing EU policies and spending EU funds.

OECD

The Organisation for Economic Co-operation and Development (OECD) is an international economic organisation of 34 countries founded in 1961 to stimulate economic progress and world trade. It is a forum of countries committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices and co-ordinate domestic and international policies of its members.

The IMD World Competitiveness Center is dedicated to the advancement of knowledge on world competitiveness by providing benchmarking services for countries and companies.

The Global Entrepreneurship and Development Institute (GEDI) is a research organization advancing knowledge on the relationship between entrepreneurship, economic development, and prosperity.

World Bank International Finance Corporation (IFC)

The World Bank consists of two organizations:

  • The International Bank for Reconstruction and Development: The International Bank for Reconstruction and Development (IBRD) lends to governments of middle-income and creditworthy low-income countries
  • The International Development Association: The International Development Association (IDA) provides interest-free loans - called credits - and grants to governments of the poorest countries.

The International Finance Corporation (IFC) is the largest global development institution focused exclusively on the private sector. They help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments.