Russia's war in Ukraine has triggered a humanitarian crisis, while supply shocks are adding to existing inflationary pressure and risk undermining the economic recovery from the COVID-19 pandemic.

Further to its previous decisions since 24 February 2022 in response to Russia’s large-scale aggression against Ukraine, the OECD Council is immediately suspending the participation of Russia and Belarus in OECD bodies.

“Enhancing adult skills, innovation and the business environment would help to improve export performance – key for a small economy with significant demographic pressures,” says OECD Secretary-General, Mathias Cormann.

“Mexico has great potential to become a high-growth economy, with higher living standards for all. An ambitious and comprehensive reform agenda will be needed to turn this opportunity into reality.” says OECD Secretary General, Mathias Cormann.