Ukraine edges closer to joining OECD as membership talks progress

The Organization for Economic Co-operation and Development (OECD) has initiated a four-year program for Ukraine, marking the beginning of discussions on the country's potential membership in the organization, reported the press services of the Cabinet of Ministers and the OECD.

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The program was signed on June 7 in Paris at a meeting of the OECD Council at the ministerial level.

The program will support reforms, reconstruction and recovery of Ukraine, and its implementation will pave the way to a road map for obtaining membership in the organization.

"We expect to join the OECD as a full member in the foreseeable future," said Prime Minister Denys Shmyhal.

The OECD website reports that two countries – Peru and Kazakhstan – have successfully completed their national programs. Peru then became a candidate for membership in the organization.

Thailand and Morocco are currently progressing through their programs, and discussions are underway for future programs with Egypt and Vietnam.

REFERENCE. The OECD was created in 1961 on the basis of the organization that, since 1948, has been rebuilding post-war Europe with American funds under the "Marshall Plan". Today, the OECD is engaged in the development of members of the organization, which unites the most economically developed countries in the world.

Ukraine submitted an application to join the OECD back in July 2022.

In December, Prime Minister Shmyhal and OECD Secretary-General Mathias Cormann signed an agreement on privileges, immunities and benefits, which officially became the basis for launching the so-called OECD Liaison Office in Kyiv.