The Argentine Foreign Minister, Diana Mondinoreceived the document from the Secretary General of the OECDAustralian Mathias Cormann, during a ceremony held during a meeting of foreign ministers at the organization’s headquarters in Paris.
“The process has accelerated very significantly in the last four months (…) Now the work begins in earnest,” Mondino told the press, specifying that Argentina will establish “its own policies” based on the advice.
Argentina expressed in 2016, during the presidency of Mauricio Macri, his desire to enter the OECDwhich decided six years later to begin the process of discussions with this country, as well as with Brazil, Peru, Bulgaria, Croatia and Romania.
But unlike the rest of the countries, did not receive the roadmap for its accession in June 2022n, despite the “positive conversations”, according to Cormann, with the Government of Alberto Fernández.
What does the document that the OECD provided to Argentina establish?
This Thursday, Mondino received the document that establishes the modalities and conditions of membership. The OECD will conduct reviews in areas such as trade, investment, anti-corruption and climate change.
“It is about working on all the OECD standards and best practices to help Argentina improve its economic growth and the lives of its population,” said Cormann, who celebrated “a historic moment.”
The support of the OECD to the Government of Javier Milei
The head of the OECD, Clare Lombardelli, had already expressed his support for the Government of Javier Milei for its economic policy to reduce inflation.
“The government is now applying a very restrictive fiscal and monetary policy to control inflation. It is what needs to be done, but it will take time to bear fruit,” said Lombardelli when presenting the OECD’s economic forecasts.
According to the report, the contraction of the Argentine economy It will be -3.3% in 2024, one point higher than previously projected, although it will rebound the following year with a growth of 2.7%, 0.1 points more than that advanced in February.
Regarding the consumer price index, the OECD estimates that it will stand at 208.1% in 2024, before falling to 71.2% in 2025.
Four Latin American countries – Chile, Costa Rica, Colombia and Mexico – are already part of the organization founded in 1961 and whose 38 partners represent around 80% of the trade and global investments.
Source: Ambito
