The Islamic Development Bank acknowledges progress and expands its support for the memorandum of understanding for membership in the Portuguese Organization for Economic Cooperation and Development (Brazil)

The Islamic Development Bank acknowledges progress and expands its support for the memorandum of understanding for membership in the Portuguese Organization for Economic Cooperation and Development (Brazil)

The Inter-American Development Bank (IDB) has announced that it will expand technical support to the Ministry of Economy (ME) to aid Brazil’s accession to the Organization for Economic Co-operation and Development (OECD). In addition, the Islamic Development Bank presented an analysis indicating progress in the management and policies of the Ministry of Education, which are already in line with the practices adopted by the countries that are part of the organization.

arrive to Study of the Islamic Development Bank.

The expansion of the Islamic Development Bank’s support for Brazil’s entry into the OECD was formalized through a protocol signed by the entity’s president, Mauricio Claver Carone, and the Executive Secretary of the Brazilian Ministry of Economy, Marcelo Guaránez. Both of them participated this Tuesday (14/6) in the fifth edition of Brazilian Investment Forum 2022It is the largest private investment forum in Latin America and the Caribbean, co-organized by the Islamic Development Bank, the Brazilian Agency for Trade and Investment Promotion (ApexBrasil) and the Ministry of Economy.

Planned actions include preparing studies with action plans to adopt good practices recommended by the OECD in the areas of public policy under the mandate of the Ministry of the Environment, as well as organizing meetings with authorities from OECD member states, international experts and Brazilian private sector institutions and civil society to promote broad participation in technical discussions of the accession process.

“It is a cooperation agreement through which they will support the process of joining the Organization for Economic Cooperation and Development, which officially started last week,” he added. road map We will be evaluated by 26 committees in various areas, public policy and legislation. The Islamic Development Bank is committed to providing us with the necessary technical support and information to help us move forward faster in this process to become a member of the OECD,” Guaranys evaluated.

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Institutional strengthening activities for coordination and monitoring, in the Ministry of Economy, of the OECD accession process should also be carried out by the Secretariat for International Economic Affairs (Sain).

“With this agreement, we strengthen our commitment to support Brazil’s efforts to join the Organization for Economic Cooperation and Development,” said Mauricio Clavier Caroni, President of the Islamic Development Bank. “This is a fantastic opportunity to promote the kind of inclusive growth and sustainable development that will benefit all Brazilians. I am personally committed to this process and excited to support Brazil in this and many other areas.”

Study indicates compatibility with good practice

In addition to the planned actions, the Islamic Development Bank is working with teams from the Ministry of Economy to share good practices from OECD countries. study bookmark In the context of integrating five governors into the new Middle East, he points out that many of the initiatives that have been introduced to improve management and public policies under its mandate are in line with the practices of the countries of the international organization.

The analysis included the participation of experts from OECD member countries and other Latin American countries – including former ministers – which made it possible to compare international models and identify initiatives that could inspire Brazil.

With regard to Brazilian infrastructure development, for example, the study highlights the creation of an inter-ministerial planning committee and the integration of a long-term plan similar to recent reforms implemented in Australia, Canada and the United Kingdom.

In the chapter on budget management, the study presents as a positive point the centralization of management in the areas of information technology, human resources, logistics and others, as part of the TransformaGov programme, which has led to increased efficiency in public spending, in a shift similar to the model adopted by the United Kingdom.

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About the Islamic Development Bank

The mission of the Inter-American Development Bank is to improve lives. Founded in 1959, the Islamic Development Bank is one of the main sources of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The entity also carries out cutting-edge research projects and provides policy advice, technical assistance and training to public and private clients across the region.

*With information from the Islamic Development Bank

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