Organization for Economic Cooperation and Development (OECD)

The Organization for Economic Cooperation and Development (OECD) has its origin in the European Organization for Economic Cooperation (OECE), which was founded on April 18, 1948 by several European countries, due to the devastations that occurred during World War II, and as a way to channel the aid received by the Marshall Plan, the OECE was created. However, the Institution was renamed the Organization for Economic Cooperation and Development (OECD), when the United States and Canada joined the OECD Convention held on December 14, 1960 in Paris, France. Its headquarters are in Paris, France. Among the objectives of the Organization, established in its Constitutive Convention, are:

a) to carry out the strongest possible expansion of the economy and employment and an increase in the standard of living in the member countries, maintaining financial stability and thus contributing to the development of the world economy;

b) contribute to a healthy economic expansion in member countries and non-member countries in economic development;

c) contribute to the expansion of world trade on a multilateral and non-discriminatory basis, in accordance with international obligations.

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