• The Global Transparency Resource
• Importance of Transparency
• IFI's Introduced
  • AfDB - African Development Bank
  • ADB - Asian Development Bank
  • BIS - Bank for International Settlements
  • BSTDB - Black Sea Trade and Development Bank
  • CDB - Caribbean Development Bank
  • CEB - Council of Europe Development Bank
  • EBRD - European Bank for Reconstruction and Development
  • ECB - European Central Bank
  • EIB - European Investment Bank
  • IADB - Inter-American Development Bank
  • IFC - International Finance Corporation
  • IMF - International Monetary Fund
  • IsDB - Islamic Development Bank
  • OECD - Organisation for Economic Co-operation and Development
  • WB - World Bank
  • WTO - World Trade Organisation

OECD Organization for Economic Co-operation and Development (Paris, France)

The Organization for Economic Co-operation and Development is an international body of the world's most developed nations. They use it primarily as a way to discuss economic issues. The agency itself has no actual powers but they do have a great deal of influence in getting member nations to follow the agreed upon economic policies.

The Organization for Economic Co-operation and development was created in the days after the Second World War amongst European countries in order to manage the Marshall plan to rebuild Europe. After this work was done the organization continued and expanded to include countries from outside of Europe. These days it is made up of the world's most developed countries. They use it primarily as a way to discuss trade and economic issues and where necessary to coordinate activities. The goal is to help economic growth to continue in the member nations.

The main goal of the OECD is to contribute to the development of the world economy by encouraging economic growth while at the same time maintaining financial stability. The idea is that they want to provide the maximum economic growth that is sustainable and to increase both employment and the quality of life of the people in the member states. The main way that they do this is by cooperating on economic policy so that all of the members can get the best growth possible. This can be tricky in some situations since the member nations often have different goals.

A big part of the goal of the OECD is to facilitate world trade. They do this mainly by promoting trade policies that are non-discriminatory. This of course has to be done within any trade agreements that the member nations have. The idea is that trade is what creates economic growth so anything that can reduce trade barriers is a good thing. The OECD however does not have any authority to enforce rules so any agreements that are made are non-binding which does tend to limit the effectiveness of the organization when it comes to trade issues. Nevertheless the opportunity to discuss differences can be helpful.

One of the areas where the OECD has been particularly effective is when it comes to taxes. They have worked out a number of tax treaties so that people who do business in multiple countries are not paying taxes more than once. They have also put in a great deal of effort to reduce tax fraud in particular by making it harder for people looking to avoid paying their taxes to set up in tax havens. The goal is to make taxes more transparent so that it is clear who is paying taxes where and how much they are paying. This should help to make sure that everybody is paying the taxes they are supposed to; at least that is the goal.