Organisation for Economic Co-Operation and Development (OECD)
The OECD Council is the decision-making body of the Organisation for Economic Co-operation and Development (OECD). Established in 1961, the OECD is an intergovernmental economic organisation that aims at promoting policies that will improve the economic and social well-being of people around the world. In order to do so, the OECD’s work is based on continued data collection and analysis concerning economic developments in member countries as well as outside the OECD area. Based on these analyses the OECD Council has the power to adopt legal instruments.
In the OECD Council representatives of 35 member states come together. The majority of those are the world’s most economically advanced nations but also emerging countries are part of the OECD.