
Argentina has formally initiated the technical phase of its bid to join the Organization for Economic Cooperation and Development (OECD), submitting its initial memorandum to the Paris-based body. The document, a preliminary self-assessment of the country's alignment with international standards, was delivered by Foreign Minister Pablo Quirno to OECD Secretary-General Mathias Cormann, who is currently visiting Buenos Aires.

Brazil is hosting meetings between Latin American and Organization for Economic Cooperation and Development (OECD) countries, during which economic policies, education, and productivity matters are to be discussed.

Following two days of discussions hosted by Paris based Organization for Economic Cooperation and Development, OECD, 130 countries, representing more than 90% of global GDP, joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate. But Ireland and eight other countries decline to accept the agreement.

Mathias Cormann, from Australia has taken over as the new secretary-general of the Organization for Economic Cooperation and Development (OECD), starting a five-year stint that promises to be a challenging one. He replaces Angel Gurria from Mexico.