The latest report of the Organization for Economic Cooperation and Development (OECD) says International mergers and acquisitions (M&A) are forecast to decline by 56 per cent this year as compared to 2008. The report says the fall was largely due to the 60 per cent decline in value of cross-border M&A by firms based in the OECD area, from over 1 trillion dollars in 2008 to 454 billion dollars in 2009.It further says that international M&A activity by firms based in Brazil, China, India, Indonesia, Russia, and South Africa also fell by 62 per cent to 46 billion dollars in 2009 from 121 billion dollars in 2008.Speaking at the recent opening of the OECD Global Forum on Investment in Paris, OECD Secretary-General Angel Gurria said that governments needed to do more to promote business investment.