OECD and European Commission join forces to further support structural reforms in European countries | WPN World People News

The OECD and the European Commission’s Structural Reform Support Service (SRSS) sealed a new agreement in Paris that will see the OECD provide wide-ranging policy support to advance structural reforms in European countries.

OECD Chief of Staff, Gabriela Ramos, and Director General of the SRSS, Maarten Verwey, concluded an agreement on 34 reform projects, to be conducted over the next 12 to 18 months, in 18 EU countries under the umbrella of the Structural Reform Support Programme of the European Commission.

The OECD SRSS agreement comes at a time of a slowdown in global growth, rising inequalities and higher environmental degradation, which threaten people’s well-being. The OECD, with its extensive knowledge base and expertise, is supporting governments to tackle these issues head on and considers the cooperation with the SRSS to be an excellent opportunity to further leverage its expertise to deliver better policies for better lives.

The action will see the OECD working closely with the SRSS to provide policy advice and working directly with governments to advance structural reform in various policy areas, including education, labour markets, tax, governance, environment and transport infrastructure. These projects respond to the reform priorities identified by the respective EU Member States and will for example help governments develop sustainable development strategies, establish frameworks for circular economies, improve housing affordability in cities, or improve the provision of labour market services. The OECD will capitalize on the digital transformation and also deliver on skills strategies. In a nutshell, it will redouble efforts to support European countries, Members and Partners, in their goal to build strong, inclusive and sustainable economies.

The Structural Reform Support Service offers tailor-made support to all EU Member States for the preparation, design and implementation of growth-enhancing reforms. The support is provided on the request of EU Member States, requires no co-financing and mobilises experts from all over Europe and beyond, from both the public and the private sector.

The new OECD - SRSS agreement allows the SRSS to leverage OECD’s expertise on best policy practices and structural reforms in the EU Member States. Such co-operation will deliver value added impact, carried out with efficiency, for the benefit of all countries.

Source: Organisation for Economic Co-operation and Development