Chile Gets OECD Membership Invitation

Last month the OECD countries agreed to invite Chile among 4 other countries to open discussions for becoming a member of that Organization. According to the OECD’s opinion, Chile’s economic and social policies have become a landmark for the region.

FThe OECD groups 30 countries sharing a commitment to democratic government and open market economies. With active relationships with some 70 other countries and economies, NGOs and civil society, OECD plays a prominent role in fostering good governance in the public service and corporate activity. It helps governments to ensure the responsiveness of key economic areas with sectoral monitoring. By identifying emerging issues and successful policies, it helps policy-makers to adopt strategic orientations. It is well known for its individual country surveys and reviews.

The Chilean Minister of Foreign Affairs, Alejandro Foxley, stated that this organization has shown its confidence in Chile and looks forward to assist Chile through its development process by providing high-level technical assistance, with the world’s best professionals and consultants. 

OECD was created in 1960 by 20 countries and since 1999 it has not allowed new members. If this initiative comes into a reality, Chile would be the first South American country entering this organization.