The chancellor Diana Mondino announced this Sunday that this Monday the government of Javier Milei will sign the entry into the Organization for Economic Cooperation and Development (OECD). This was confirmed to the director of Global Relations of the OECD, Andreas Schaal, this Sunday.
“I tell you that this morning we have already agreed with Mr. Andreas Schaal that Argentina will sign access to the OECD tomorrow,” he said. the Minister of Foreign Affairs and Worship. This is the first step towards formal entry into the club of the richest countries on the planet.
Argentina was invited to join the group of 38 countries in 2022. However, the formal letter was never responded to. According to estimates, The entry process can take between four and six years.
The chancellor’s announcement comes days after the rejection of joining the BRICS, the group of countries made up of Brazil, Russia, India, China and South Africa that formalized the invitation to Argentina this year, after the insistence of the government of Alberto Fernandez to his Brazilian counterpart, Lula da Silva, and to the Chinese president, Xi Jinping.
Argentina and the OECD
The relationship between Argentina and the organization is almost 40 years old. However, since 1995 the country joined six of the committees, while during the governments of Néstor and Cristina Kirchner it joined three more.
With arrival of Mauricio Macri to the government in December 2015, Argentina went on to join fifteen other OECD committees and, finally, in 2016 it began the membership process, but the negotiations were frozen after the assumption of Alberto Fernández in 2019.
Argentina’s consultative relationship with the OECD is almost 40 years old, but it deepened starting in 1995, under the government of Carlos Menem, when the country joined six of its committees. During the Kirchnerist governments, three more joined and under the management of Mauricio Macri another fifteen joined and began, in 2016, the incorporation process.
The OECD forecast for Argentina
The OECD was created in 1961 by a group of countries made up of Austria, Belgium, Canada, Denmark, France, Germany, Greece, Ireland, Iceland, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, United Kingdom and USA. Shortly afterwards he joined Italy and actually It is made up of 38 countries.
In its Perspectives report published in September for Argentina, the OECD estimated that the gross domestic product (GDP) local will fall by 2% in 2023, the largest decline by far of the members of the G20, since only Germany will also see its production reduced (-0.2%). That is four tenths less than what was anticipated last June.
Likewise, Argentina will be the only one of the group of the 20 largest economies in the world that will continue to decline in 2024, specifically by 1.2%. The downward correction is much more radical there, 2.3 percentage points in just three months. The authors of the report have not made such a profound negative review for any of the countries analyzed.
Source: Ambito
