Print Edition - 2018-06-01  |  Money Digest

Colombia and Lithuania join the OECD


Jun 1, 2018-

Colombia and Lithuania formally joined the Organisation for Economic Co-operation and Development (OECD) on Wednesday, becoming members of the Paris-based club of rich nations. “This is the power of multilateralism in action as we gain in diversity and strength in search of solutions for common global challenges that work for all,” said OECD Secretary General Angel Gurria at the signing ceremony in the French capital. “The accession process has been a catalyst for impressive reforms, which have not only benefited the two countries but are also inspiring learning opportunities for other OECD members and partners facing similar challenges,” he said at the body’s annual meeting. Becoming a member raises a country’s economic profile and opens the possibility of deepening international ties. (AFP)

Published: 01-06-2018 08:45

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