Paris, 9 June 2022 (TDI): The Organisation for Economic Co-operation & Development (OECD) Ministerial Council Meeting is taking place at OECD Headquarters from 9 June to 10 June.

The meeting is Chaired by Italy, with Vice-Chairs Norway and Mexico. The theme for the discussion is “The Future We Want: Better Policies for the Next Generation and a Sustainable Transition”.

Opening this year’s meeting were OECD Secretary-General, Mathias Cormann, Italian Prime Minister, Mario Draghi, Ukrainian President, Volodymyr Zelenskyy, and Chairperson of the Africa Union and President of Senegal, Macky Sall.

New Zealand’s Ambassador to France, Portugal, and Monaco, and Permanent Representative to the OECD, Caroline Bilkey underlined the significance of collectively condemning Russia’s unprovoked unjustified war on Ukraine.

They also talked about endorsing a strong role of the OECD in supporting Ukraine’s recovery.

The OECD Council strongly condemns Russian aggression in Ukraine and says that it is a humanitarian disaster. Because it has forced millions to flee at the same time causing economic damage globally.

As a result, the economic and social implications of the war are affecting the implementation of the ongoing recovery plans from the effects of the COVID-19 pandemic.

Most importantly, the organization emphasizes the importance of effective multilateralism to promote peace and the shared values they stand for. Together with delivering a green planet to generations to come, and securing a path of higher, inclusive, and sustainable growth.

International cooperation and coordination

By building on the results of the 2021 MCM and the G20 Rome Summit, this year’s meeting focuses on international cooperation and coordination.

That is required to build a better future for and with young people; such as addressing economic and other consequences of Russia’s aggression in a post-pandemic world.

Moreover, they discussed finding the right policy to boost the growth potential of OECD economies in the medium term, the transition to a sustainable and inclusive economic model that uses the digital and green transformation, and building resilient health systems that sustain both population health and economic prosperity.

All in all, the MCM will also be discussing enhancing the International Organization’s dialogue with Africa. Specifically,  strengthening gender equality, and better aligning trade as well as environmental policies to build a sustainable future together.

OECD

It is an international organization that works to build better policies for better lives and is at the heart of international cooperation.

Therefore, OECD Member countries work with other countries, organizations, and stakeholders worldwide to address the pressing policy challenges.

Its goal is to shape policies that foster prosperity, equality, opportunity, and well-being for all.

Alongside governments, policymakers, and citizens, they work together on establishing evidence-based international standards and finding solutions to various social, economic, and environmental challenges.

In addition, it improves economic performance, creates jobs, fosters strong education, and fights international tax evasion.

The organization also provides a unique forum and knowledge hub for data and analysis, exchange of experiences, best-practice sharing, and advice on public policies and international standard-setting.

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