OECD

The Organisation for Economic Co-operation and Development (OECD) is an international organisation that brings together Member countries and a range of partners that collaborate on key global issues at national, regional and local levels.

• It was founded on 16 April 1948 as the OEEC and reformed as OECD in 1961.
• The Organisation for European Economic Co-operation (OEEC) was formed in 1948 to administer the American and Canadian aid in the framework of Marshal Plan for the reconstruction of Europe after the World War II.
• The OECD created agencies such as the OECD Development Centre (1961), International Energy Agency (IEA, 1974), and Financial Action Task Force on Money Laundering.

Members

Today, OECD has 38 Member countries that span the globe, from North and South America to Europe and Asia-Pacific. 

• Since 2010, eight new countries have joined the OECD.
• The most recent countries to join the OECD were Colombia, in April 2020, and Costa Rica, in May 2021.
• Costa Rica has become the OECD’s 38th Member country.
• OECD countries and Key Partners represent about 80% of world trade and investment.