(the Organisation for Economic Co-operation and Development (OECD) (French: Organisation de coopération et de développement économiques, OCDE) is an intergovernmental economic organisation with 35 member countries, founded in 1960 to stimulate ‘economic progress’ and ‘world trade’)
(it is a forum of countries describing themselves as committed to ‘democracy’ and the ‘market economy’, providing a platform to compare policy experiences, seeking answers to common problems, identify good practices, and coordinate domestic and international policies of its members)
(most OECD members are ‘high-income economies’ with a very high ‘Human Development Index’ (HDI) and are regarded as ‘developed countries’)
(‘OECD’ is an official ‘United Nations Observer’)
(in 1948, the OECD originated as the ‘Organisation for European Economic Co-operation’ (OEEC), led by ‘Robert Marjolin’ of France, to help administer the ‘Marshall Plan’ (which was rejected by the ‘Soviet Union’ and its ‘satellite states’))
(this would be achieved by allocating American financial aid and implementing economic programs for the reconstruction of ‘Europe’ after ‘World War II’)
(similar reconstruction aid was sent to the war-torn ‘Republic of China’ and post-war ‘Korea’, but not under the name “Marshall Plan”)
(in 1961, the OEEC was reformed into the ‘Organisation for Economic Co-operation and Development’ by the ‘Convention’ on the ‘Organisation for Economic Co-operation and Development’ and membership was extended to non-European states)
(the OECD’s headquarters are at the ‘Château de la Muette’ in ‘Paris’, ‘France’)
(the OECD is funded by contributions from ‘member states’ at varying rates and had a total budget of EUR 363 million in 2015)