ORGANIZATION FOR ECONOMIC COOPERATION & DEVELOPMENT (OECD)

The OCED was set up on 30th of Sep. 1961 and its headquarters are situated in Paris, France. The OECD is an intergovernmental economic organization with 37-member countries, that aims towards stimulating an environment of economic progress and world trade.

Objectives of OCED

• The main objective of OCED is to improve the global economy and promote world trade.

• The main focus of OCED is to help governments around the world to achieve the following:

1. Improve confidence in markets and the institutions that help them function.

2. Obtain healthy public finances to achieve future sustainable economic growth.

3. Achieve growth through innovation, environmentally friendly strategies, and the sustainability of developing economies.

4. Provide resources for people to develop the skills they need to be productive.

• It provides an outlet for the governments of different countries to work together to find solutions to common problems.