OECD membership gives a rosy glow one year on

Take note – story published 6 years ago

After one year of membership of the Organization for Economic Cooperation and Development (OECD), which Latvia worked hard to join, there is a definite sense of quiet satisfaction in the corridors of power about the decision to join.

On 31 October, the Cabinet of Ministers approved an Information Report on the evaluation of the first year of the membership of Latvia in the OECD and proposals for improvements to the cooperation and coordination mechanism.

The Information Report includes the evaluation of main events and the work accomplished, as well as future priorities concerning the OECD committees and working groups.

"Latvia’s progress with the implementation of recommendations has been evaluated as one of the most substantial among OECD member states. Most of the recommendations offered by the OECD coincide with key issues on the government’s agenda," the Ministry of Foreign Affairs said.

The report also specifies the areas where the OECD’s assessments, data, standards and recommendations have brought the greatest benefits: economic growth forecasts, education, welfare and jobs, health, governance of state-owned enterprises, digital economy, public governance, and taxation.

There is also a nice infographic giving information on Latvia’s OECD membership benefits in specific sectors.

As previously reported by LSM, Latvia became a full OECD member on July 1, 2016.

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