August 30, 2024, 11:17 PM
August 30, 2024, 11:17 PM
Argentina has committed to submitting its initial memorandum to join the Organization for Economic Cooperation and Development (OECD) before the end of the year, the organization’s secretary general, Mathias Cormann, announced on Friday (08/30/2024) in Buenos Aires.
“The government has told us that by the end of the year they will be in a position to present to the OECD the initial memorandum, which consists of a self-assessment by Argentina regarding its own legislation, policies and practices based on their alignment with OECD standards and best practices,” Cormann said in a joint statement with Argentine Foreign Minister Diana Mondino.
The foreign minister said that access to the OECD “is one of the priority objectives” for Argentina and that they have already begun to work on the roadmap they received in May.
The press conference took place after a lunch that Cormann had with Mondino and a group of governors and ministers, and minutes before his meeting with Argentine President Javier Milei.
In 2016, during the presidency of liberal Mauricio Macri, Argentina expressed its desire to join the OECD, which six years later began the process of discussions with the country, as well as with Brazil, Peru, Bulgaria, Croatia and Romania.
Income will not be under the current government
In May, Argentina received the roadmap it must implement to join the organization, which includes the world’s largest economies with democratic regimes.
Cormann explained that once they receive the initial memorandum, a technical review process will begin that will last several years.
“This is a process initiated by President Milei, but it will take time to complete” and “it will transcend the mandate of a single government,” said Cormann. He added that Argentina will need “broad political support” to back its aspiration to enter the OECD, in Congress, for the approval of laws, and through successive presidents.
