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Role in the World

This fact was correct when it was created on 24 Sep 2020

What is the OECD?

The Organisation for Economic Cooperation and Development (OECD) is an international organisation that fosters policymaking cooperation between member, and many non-member, countries. It does this through the exchange of expertise, policy coordination, the identification and dissemination of best practice, and setting of international standards. It has 37 members, mainly middle- and high-income western market economies, including the UK. It was originally created — as the Organisation for European Economic Cooperation (OEEC) — to administer the European Recovery Plan, also known as the Marshall Plan, following the second world war.

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