Founding of OECD

Date: April 16, 1948 • Location: Paris, France

The Organisation for European Economic Co-operation, headquartered in Paris, was founded.

The Organisation for Economic Co-operation and Development is an intergovernmental organisation with 38 member countries. It was founded in 1961 to stimulate economic progress and world trade. The OECD is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform for collective problem-solving, analysis, and coordination.