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Organization for Economic Co-operation and Development

The Organization for Economic Co-operation and Development (OECD) and the World Bank share common objectives to foster sustainable development, reduce poverty, promote beneficial trade and international investment, and ensure responsible and transparent governance.  External Affairs Europe hosts the World Bank's Paris-based OECD liaison, who facilitates World Bank collaboration with the OECD Development Assistance Committee (DAC).

Based on its member countries’ experiences and its policy dialogue with non-OECD members, the OECD has developed policy knowledge, standards, and guidelines, which can be of great benefit to World Bank clients.  Additionally, OECD peer reviews provide useful monitoring of many World Bank donor countries' policies and efforts in the area of development cooperation.

The World Bank has been a permanent observer in the Development Assistance Committee since its foundation. Collaboration in this field has intensified recently, in particular in the context of the Paris Declaration on Aid Effectiveness and the monitoring of scaled-up aid.

A Joint Statement of Priorities for OECD-World Bank Cooperation was signed on May 30, 2000.  The 2000 agreement has helped the OECD and the World Bank to share institutional and policy knowledge, to improve mutual insight into each other’s work and experience. 

The Joint Statement was updated on January 28, 2006 to note that the cooperation between the World Bank and the OECD has matured and become well established in a number of areas, including trade, corporate governance, debt management, pensions, taxation, and in the field of development assistance. 

The 2006 Joint Statement highlights the following areas where the World Bank and the OECD should enhance their cooperation:

  • agriculture;
  • anti-corruption;
  • competition;
  • education;
  • environmental sustainability/climate change;
  • governance;
  • health;
  • insurance;
  • investment;
  • labor and employment;
  • lagging regions (territorial development);
  • migration;
  • statistics to support evidence-based policies;
  • technology and innovation.

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