The Asian Development Bank (ADB) and the Organization for Economic Co-operation and Development (OECD) today on October 10th a new 5-year memorandum of understanding (MOU) to deepen their collaboration in promoting effective development policies and programs in Asia and the Pacific.
The MOU was signed by ADB President Mr. Takehiko Nakao and OECD Secretary-General Mr. Angel Gurría at a ceremony in Bali. The agreement covers the period 2019–2023 and commits the two organizations to work together to promote policy dialogue, results management, knowledge sharing, and mutual learning, including on anti-corruption, tax policy and administration, macroeconomic policy, and data collection and analyses.
ADB and OECD have a rich history of collaboration dating back to 2005. Under the previous MOU signed in 2013, ADB and OECD jointly prepared studies, organized conferences, held consultations with the private sector, exchanged economic data, and delivered capacity building initiatives. Joint activities include the ADB-OECD Anti-Corruption Initiative, OECD-Asian Roundtable on Corporate Governance, and the OECD Forum on Tax and Crime. ADB has also played a key role in the UNDP-OECD Global Partnership for Effective Development Cooperation.
Through the new MOU, the two organizations will continue ongoing initiatives and undertake other studies and events on topics such as macroeconomic policy, Asia’s medium-term growth, Southeast Asian economic outlook, and statistics for the Asian region. Staff sharing will also be expanded to include long-term secondment.
Original source: ADB
Published on 10 October 2018
