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ADB And OECD Sign Agreement For Cooperation

PARIS, FRANCE (2 March 2005) - The Asian Development Bank (ADB) and the Organisation for Economic Co-operation and Development (OECD) today signed a letter of intent [ PDF ] to provide a framework for their cooperation in areas of mutual interest, and to enhance their opportunities for collaboration.

ADB President Haruhiko Kuroda and OECD Secretary General Donald J. Johnston signed the Letter of Intent on the sidelines of the Second High-Level Forum on Joint Progress Toward Enhanced Aid Effectiveness.

ADB and OECD have a mutual interest in achieving relevant and effective policies and programming in international development. The two institutions will explore possibilities for further strengthening collaboration in areas such as aid effectiveness, anti-corruption, governance, economic development and job creation, environmental policy, financial markets, and taxation.

With collaboration, the two institutions believe that the effectiveness of their development-related work will increase.

The collaboration between ADB and OECD may involve sponsoring joint seminars or conferences, promotion of staff exchanges and participation in capacity building programs, as well as regular exchange of information and knowledge products on their respective regional and country programs and on other areas of common interest.

ADB is a major development institution in the Asia and Pacific region that seeks to foster economic growth, good governance, human resource development, and the alleviation of poverty for the benefit of its developing member countries.

The OECD plays a prominent role in fostering good governance in the public service and in corporate activity. It helps governments to ensure the responsiveness of key economic areas with sectoral monitoring.

The Asian Development Bank is dedicated to reducing poverty in the Asia and Pacific region through pro-poor sustainable economic growth, social development, and good governance. Established in 1966, it is owned by 63 members, with 45 from the region.

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