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Organisation for Economic Co-operation and Development

The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental forum dedicated to identifying, applying and evaluating public policies focused on sustainable economic development and social stability. The OECD provides a non-political framework made up of over 250 committees and working groups, favourable for expert debates in various fields (investments, agriculture, anti-corruption, transports etc.) aimed at solving current and potential economic and social issues. In 2011, when the OECD celebrated its 50th anniversary, the organization announced its focus on four main areas:

  • restoring confidence in markets and the institutions and companies that make them function,
  • improving and consolidating national fiscal policies,
  • fostering and supporting new sources of growth through innovation,
  • capitalizing on the human capital by ensuring the use of available workforce.

The 34 OECD members  are countries with mature economies, encompassing over 70% of global production and trade and 90% of foreign direct investments (FDI) at global level.

The OECD’s non-political nature, its expertise in various domains, renowned at international level and its involvement in the functioning system of the world economy certifies the validity and value of the organisation’s activity, even more so in the current context marked by global instability and uncertainty.

 

Romania’s relationship with the OECD

Although it is not a member of the organisation as a whole, Romania can get involved through its governmental experts in programmes developed by OECD bodies. Romania is represented at the reunions of 19 OECD working groups . Experts from approximately 14 ministries and government agencies ake part in these reunions. The Ministry of Foreign Affairs has a co-ordinating role on Romania’s relationship with the OECD.

The activity within OECD bodies allows Romanian experts to participate in the exchange of ideas on fields of interest for the Romanian state (investments, education, agriculture, anti-corruption etc.), to contribute to the development of public policies in these sectors and to evaluate the results of applying these policies in Romania and other states. The recommendations resulted after evaluations and best practices sharing contribute to the enrichment of Romanian specialists’ expertise in elaborating and applying public policies.

At the same time, Romania is undergoing a series of projects in partnership with the OECD, such as:

  • Conducting development assistance programmes, especially in states from regions with strategic importance (Black Sea area, Caucasus, Central Asia, Western Balkans, Northern Africa) and financing studies regarding the evolution of these countries’ economies.
  • Participating in the programme „Investment Compact for South East Europe” (IC/SEEIC). In 2008, Romania became the first donor state to IC in the region.
  • The inauguration, in 2005, of OECD’s Information and Documentation Centre in Bucharest, the only such institution managed by a state in South-Eastern Europe, which is not a member of the organisation etc.

 

Details on Romania’s candidacy for OECD membership and steps taken for its promotion