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OECD membership “highly beneficial” for Hungary

OECD membership “highly beneficial” for Hungary

Budapest, June 27 (MTI) – Hungary has benefitted greatly from being a member of the Organisation for Economic Cooperation and Development (OECD) over the past 20 years, a senior economy ministry official said on Monday, marking the anniversary of the country’s membership.

Back in 1996 the OECD was the first transatlantic organisation to assert that Hungary’s economic and political transition was “irreversible,” the deputy state secretary for fiscal policy said after a meeting of the National OECD Council in Budapest.

Member states have utilised OECD’s knowledge and expertise in the fields of environmental protection and climate policy as well as in the areas of productivity and vocational training, László Balogh said.

Over the past 20 years Hungarian decision-makers and experts have relied on OECD’s expertise in formulating and “fine-tuning” policies in almost all fields, he said.



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