The OECD and the European Bank for Reconstruction and Development (EBRD) signed, on 14 December 2020, a Memorandum of Understanding (MoU) to strengthen the cooperation between the two Organisations.
The OECD Secretary-General, Mr. Angel Gurría, and the President of the EBRD, Ms. Odile Renaud-Basso, signed the MoU at a virtual ceremony on the margins of the commemoration of the 60th anniversary of the signature of the OECD Convention.
The MoU follows up on the agreement between the EBRD and the OECD dating back to 1994, when the two organisations committed to co-operate on matters of mutual interest in Central and Eastern European countries, and identifies new strategic areas of common interest for enhanced collaboration. The purpose of the new MoU is to provide a framework of co-operation and facilitate collaboration, in order to enhance people’s well-being, facilitate market economies, create a sustainable and inclusive environment, assist national and other stakeholders to improve business climate, and to promote good corporate and public governance.
Under the new MoU, The OECD and the EBRD agree to collaborate and advance their common objectives in a number of strategic areas, including responsible business conduct, private sector development, competitiveness and investment climate, infrastructure quality and governance, anti-corruption, structural reforms and competition to name a few.
The OECD looks forward to strengthening its collaboration with the EBRD and working closely to achieve common objectives.