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Ukraine Hopes for OECD Candidate Status This Year
🇱🇹 Lithuania /Elections & Politics

Ukraine Hopes for OECD Candidate Status This Year

From Delfi · () Lithuanian

Translated from Lithuanian, summarized and contextualized by DistantNews.

At a glance

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  • Ukraine hopes to receive candidate status for the OECD this year, President Volodymyr Zelenskyy announced.
  • The OECD has published three reports assessing Ukraine's progress in infrastructure, public administration, and justice, finding the country is reforming its institutions.
  • Ukraine applied for OECD membership in 2022, and the organization unites countries committed to democracy and market economies.

Ukraine is pushing for membership in the Organization for Economic Co-operation and Development (OECD) this year, President Volodymyr Zelenskyy announced Tuesday. He stated on Telegram that Prime Minister Yulia Svyrydenko had submitted an updated application.

The Paris-based OECD has released three reports evaluating Ukraine's advancements in infrastructure, public administration, and its justice system. These assessments indicate that the country is actively reforming and aligning its institutions with the standards of democratic, developed market economies, according to a statement from OECD Secretary-General Mathias Cormann.

Ukraine first applied for OECD membership in 2022. Even before Russia's invasion that same year, the country was identified as the poorest in Europe by several metrics, according to International Monetary Fund data. The OECD comprises nations committed to democracy and market economies and is recognized for its economic analysis and forecasts.

DistantNews Editorial

Originally published by Delfi in Lithuanian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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