{"id":164095,"date":"2010-01-11T02:23:35","date_gmt":"2010-01-11T07:23:35","guid":{"rendered":"http:\/\/www.skyscrapercity.com\/showthread.php?t=1042889"},"modified":"2010-01-11T02:23:35","modified_gmt":"2010-01-11T07:23:35","slug":"which-will-be-the-first-african-country-to-join-the-oecd","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/164095","title":{"rendered":"Which will be the first African Country to join the OECD"},"content":{"rendered":"
Chile has been invited to join, this makes it the first South American country to do so<\/b>: taken from the Wall Street Journal.<\/p>\n

SANTIAGO (Dow Jones)–Chile received an official invitation Tuesday to become a member of the Organization for Economic Cooperation and Development, Finance Minister Andres Velasco said in Paris.<\/p>\n

To join the OECD, Chile had to modify its legislation in areas such as the exchange of tax information, corporate governance and legal responsibility in bribery cases.<\/p>\n

"We humbly and proudly receive this invitation," Velasco said in a statement. He noted that the 30 OECD members voted unanimously to invite Chile to join.<\/p>\n

Chile is the second OECD member in Latin American, after Mexico.<\/p>\n

Chile’s President Michelle Bachelet, meanwhile, hailed the announcement, noting that Chile’s membership in the organization will boost foreign investment flowing into the country and will also give Chilean companies, both large and small, better access to financing.<\/p>\n

With better financing, more jobs will be created and these will likely be of better quality, Chile’s President said.<\/p>\n

"The country happily receives the good news, which comes at a very opportune moment, as Chile begins to celebrate its bicentennial," she said. In 2010, Chile will celebrate 200 years as an independent nation.<\/p>\n

OECD Secretary-General Angel Gurria said the organization aims to expand its relations with Latin America.<\/p>\n

"For the OECD, the accession of Chile is a great contribution in our drive to expand our global reach and to transform the Organization into a more plural and inclusive institution that will play an increasingly important role in the global economic architecture," Gurria said.<\/p>\n

Velasco said Chile expects to contribute to the organization with its experience in pension reform, bank regulation, counter-cyclical fiscal policy and social equality. Reforming Chile’s pension system was one of the Bachelet administration’s main goals.<\/p>\n

The South American nation must now sign an Accession Agreement to join the organization, which Bachelet will ink on Jan. 11 with Gurria in Santiago. Congress must then ratify the agreement.<\/p>\n

Estonia, Israel, Russia and Slovenia are currently still in the process of applying to join the OECD.<\/p>\n

The last member to be accepted into the OECD was Slovakia in 2001.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Chile has been invited to join, this makes it the first South American country to do so: taken from the Wall Street Journal. SANTIAGO (Dow Jones)–Chile received an official invitation Tuesday to become a member of the Organization for Economic Cooperation and Development, Finance Minister Andres Velasco said in Paris. To join the OECD, Chile […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-164095","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/164095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=164095"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/164095\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=164095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=164095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=164095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}