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BCN-35
ADB-OECD-AGREEMENT-ASIA-PACIFIC
ADB, OECD sign agreement to deepen partnership for Asia-Pacific
MANILA, Oct. 11, 2018 (BSS/Xinhua) – The Asian Development Bank (ADB) and
the Organization for Economic Co-operation and Development (OECD) signed on
Wednesday a new five-year memorandum of understanding (MoU) to deepen
collaboration in promoting effective development policies and programs in
Asia and the Pacific.
The Manila-based bank said the agreement covers the period 2019-2023 and
commits the two organizations to work together to promote policy dialogue,
results management, knowledge sharing, and mutual learning, including on
anti-corruption, tax policy and administration, macroeconomic policy, and
data collection and analyses.
Joint activities include the ADB-OECD Anti-Corruption Initiative, OECD-
Asian Roundtable on Corporate Governance, and the OECD Forum on Tax and
Crime, the statement said.
ADB said it has also played a key role in the United Nations Development
Program (UNDP)-OECD Global Partnership for Effective Development Cooperation.
“Over the past five years, we have worked together to address corruption,
improve corporate governance, and combat tax crimes in Asia and the Pacific,
among many other areas,” said ADB President Takehiko Nakao.
“We look forward to building on this strong partnership, taking advantage
of ADB’s vast network of policy makers in the region and OECD’s solid
experience in upper middle-income and high income countries,” Nakao added.
Through the new MoU, the statement said the two organizations will
continue ongoing initiatives and undertake other studies and events on topics
such as macroeconomic policy, Asia’s medium-term growth, Southeast Asian
economic outlook, and statistics for the Asian region.
Staff sharing will also be expanded to include long-term secondment, it
added.
ADB and OECD have a rich history of collaboration dating back to 2005, the
statement read.
BSS/XINHUA/HR/1335