26/11/2009 - The OECD and the European Investment Bank have agreed to share their expertise in support of economic co-operation and sustainable development. OECD Secretary-General Angel Gurría and EIB President Philippe Maystadt signed a co-operation agreement to that effect today in Paris.
“The crisis has highlighted the importance and value of countries and organisations working more closely together to tackle global challenges,” said OECD Secretary-General Angel Gurría. “This agreement with the EIB is another step forward in the OECD’s efforts to achieve that and help a wide range of countries boost their economic growth and prosperity.”
Addressing the OECD’s decision-making Council, EIB President Philippe Maystadt said: “The EIB is committed to cooperating with the OECD on challenges such as aid effectiveness, corporate governance and sustainable development, including the fight against climate change. We believe that OECD and EIB expertise can be combined for the benefit of our respective member states and partner countries.”
The two institutions have agreed to cooperate by sharing knowledge in the areas of:
• research and innovation; development policy and related financing issues;
• regional policy, including sustainable urban development;
• private sector development, financing for small and medium-sized enterprises (SMEs) and public-private partnerships (PPPs);
• corporate social responsibility, anti-corruption and anti-fraud policies; and
• environmental sustainability and the economics of climate change.
To promote collaboration on urban development, Poland has been selected by the OECD and EIB for a pilot exercise that could be extended to other countries or regions. The EIB has invited the OECD to partner in an Urban Platform for Poland - a research network for urban development issues in that country - and the OECD has invited the EIB to participate in meetings to prepare the OECD National Urban Policy Review of Poland.
The European Commission, which takes part in the work of the OECD, is regularly kept informed about the implementation of this cooperation agreement and participates in activities of particular interest to the Commission, such those on the measurement of development assistance.
For further information, journalists are invited to contact:
at the OECD, Spencer Wilson, tel. +33 1 45 24 81 18
at the EIB: Nick Antonovics, tel. +32 22 35 00 84