Organisation for Economic Co-operation and Development

The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental organization that promotes policies to improve economic performance, sustainable development, social well-being, and international cooperation. Established on 30 September 1961, the OECD succeeded the Organisation for European Economic Co-operation (OEEC), which had been created in 1948 to administer aid under the Marshall Plan following the Second World War. Headquartered at the Château de la Muette in Paris, France, the organization comprises 38 member countries, primarily advanced and high-income economies, while also engaging extensively with partner economies around the world.

The OECD serves as a forum through which governments exchange policy experiences, develop international standards, and coordinate approaches to economic and social challenges. Its work encompasses a broad range of policy areas, including macroeconomics, public finance, taxation, trade, investment, education, employment, digital economy, competition, corporate governance, artificial intelligence, climate change, energy, agriculture, innovation, and sustainable development. The organization conducts comparative research, statistical analysis, and peer reviews, enabling member governments to evaluate policy effectiveness and adopt internationally recognized best practices. Its recommendations, although generally non-binding, have significantly influenced national legislation and regulatory reforms across numerous sectors.

The OECD publishes a wide range of influential reports, indicators, and statistical databases used by governments, businesses, researchers, and international organizations. Among its best-known publications are the OECD Economic Outlook, Education at a Glance, Employment Outlook, and the OECD Digital Economy Outlook. The organization also administers internationally recognized benchmarking programmes, including the Programme for International Student Assessment (PISA), which evaluates educational performance across participating countries, and develops international standards in areas such as tax transparency, anti-bribery measures, corporate governance, and responsible business conduct.

The OECD works closely with international organizations including the International Monetary Fund (IMF), the World Bank, the World Trade Organization (WTO), the Financial Stability Board (FSB), the Bank for International Settlements (BIS), the Group of Twenty (G20), and the United Nations. Through policy dialogue, research, technical assistance, and international standard-setting, the organization contributes to global economic governance and supports member and partner countries in addressing emerging challenges such as demographic change, digital transformation, climate resilience, financial stability, and inclusive economic growth.