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Israel became a full member in the OECD

12 May 2010 11:18 (UTC +04:00)

Baku. Lachin Sultanova-APA. Israel was chosen as a full member in the OECD (Organization for Economic Cooperation and Development). APA reports OECD Secretary-General, Angel Gurria, announced that the Organization’s Governing Council, representing member economies, chose Israel as a full member in the OECD. The decision was made unanimously by all 31 members.

Minister of Finance of Israel Yuval Steinitz, accepted the announcement with great satisfaction and commented: "Israel’s accession to this prestigious organization is possible due to a responsible and balanced economic policy, led by Israeli governments of past decades. This policy included the reduction of Israel’s debt, monitoring of fiscal policy and the development of capital markets. Israel’s accession to the OECD brings great honor to the Israeli economy, and fills our hearts with pride.
However, although this important day is a time for celebration, we are only at the beginning of the way. Israel will be required to continue to demonstrate its economic strength and stability, and from today, also meet mandatory rules and standards."

The OECD is an international organization, uniting all countries with developed economies. OECD’s mission is to enhance cooperation among members while meeting high international economic standards.