POLITICS


Azerbaijan gets guest status at OECD Development Assistance Committee

Baku, April 19, AZERTAC

Azerbaijan has been granted the status of a guest at the Development Assistance Committee (DAC) of the Organization for Economic Cooperation and Development (OECD) as a result of the purposeful work done by the International Development Agency (AIDA) of the Azerbaijani Foreign Ministry since 2015, the press service of the ministry has told AZERTAC.

"Cooperation with the OECD Development Assistance Committee, which aims to improve the social welfare of people around the world and brings together the traditional donor countries, is of great importance to Azerbaijan, which has become a new member of the family of donors. Thus, attending the meetings of this influential organization will contribute to further increasing influence of Azerbaijan on international arena, improving the efficiency of donor activities carried out by the country, and the development of new partnerships," the ministry said.

The OECD is an intergovernmental economic organisation with 35 member countries, founded in 1961 to stimulate economic progress and world trade. It is a forum of countries describing themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seeking answers to common problems, identify good practices and coordinate domestic and international policies of its members. Most OECD members are high-income economies with a very high Human Development Index (HDI) and are regarded as developed countries.

Brazil, Bulgaria, China, Colombia, Costa Rica, Croatia, India, Latvia, Lithuania, Peru, Romania, Russian Federation, Kazakhstan and South Africa also hold the guest status at the OECD Development Assistance Committee.

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