On-Line Guide to OECD Intergovernmental Activity

Economic and Development Review Committee (EDRC)

Chair:

Mr. Svein GJEDREM

(OECD)

Vice-Chairs:

Ms. Irina MARTÍN

(Switzerland)

Ms. Johanna MODIGSSON

(Sweden)

Members:

Australia

Japan

Austria

Korea

Belgium

Latvia

Canada

Lithuania

Chile

Luxembourg

Colombia

Mexico

Costa Rica

Netherlands

Czech Republic

New Zealand

Denmark

Norway

Estonia

Poland

Finland

Portugal

France

Slovak Republic

Germany

Slovenia

Greece

Spain

Hungary

Sweden

Iceland

Switzerland

Ireland

Türkiye

Israel

United Kingdom

Italy

United States

EU participation:

The European Union (EU) takes part in the work of the OECD, in accordance with the Supplementary Protocol to the Convention on the Organisation for Economic Co-operation and Development.

Participants:

Participation Plan

Observers (International Organisations):

Bank for International Settlements (BIS)

European Free Trade Association (EFTA)

International Monetary Fund (IMF)

World Bank

World Trade Organization (WTO)

Date of creation:

30th September 1961

Duration:

31st December 2026

Mandate: - Council Decision regarding the Revision of the mandate of the Economic and Development Review Committee [C/M(2006)2, item 15] approved at its 1128th session held on 26 January 2006

- Proposed Renewal of the Mandate of the Economic and Development Review Committee [C(2008)20] approved at the Council’s 1171st session held on 17th April 2008 [C/M(2008)7]

- Proposed Renewal of the Mandate of the Economic and Development Review Committee [C(2019)161] approved at the Council’s 1402nd session held on 14 November 2019 [C/M(2019)15, item 207]

Proposed Renewal of the Mandate of the Economic and Development Review Committee [C(2020)133] approved by written procedure at the Council’s 1412th session held on 10-11 December 2020 [C/M(2020)9, paragraph 180]

Proposed Renewal of the Mandate of the Economic and Development Review Committee [C(2021)148] approved at the Council’s 1436th session held on 13-14 December 2021

Resolution of the Council [C(2021)148, and C/M(2021)3, paragraph 284]

DRAFT RESOLUTION OF THE COUNCIL RENEWING AND REVISING THE MANDATE OF THE
ECONOMIC AND DEVELOPMENT REVIEW COMMITTEE

"THE COUNCIL,

HAVING REGARD to the Convention on the Organisation for Economic Co-operation and Development of 14 December 1960;

HAVING REGARD to the Rules of Procedure of the Organisation;

HAVING REGARD to the Revised Resolution of the Council on Partnerships in OECD Bodies [C(2012)100/REV1/FINAL];

HAVING REGARD to paragraph 13 of the Report of the Preparatory Committee on the establishment of the Economic and Development Review Committee on 30 September 1961, last revised in 2013 [C(2013)81] and extended in 2018 [C(2018)72] in 2019 [C(2019)161] and 2020 [C(2020)133];

HAVING REGARD to the recommendations of the In-depth Evaluation of the Economic and Development Review Committee [C(2021)82];

HAVING REGARD to the Agreed Principles and Practices of the Economic and Development Review Committee [ECO/EDR/DIV(2015)1], which expand on and make more precise the Committee’s overarching objective;

NOTING that the Agreed Principles and Practices evolve with economic circumstances and the emphasis of the Committee’s work, and as such, may be updated by the Committee from time to time as appropriate;

HAVING REGARD to the proposed revision of the mandate of the Economic and Development Review Committee [C(2021)148];

DECIDES:

A. The mandate of the Economic and Development Review Committee is as follows:

I. Objectives

1. The overarching objective of the Economic and Development Review Committee is to improve the economic performance of Members and selected non-Members on a sustainable basis by promoting a better understanding of their key economic challenges to help strengthen their economic policies.

2. The Committee seeks to achieve this objective by making comments and country- specific recommendations on the macroeconomic and structural policies of the examined countries, and on the interaction between these policies.

II. Actions

3. Through the Economic and Development Review Committee’s Economic Surveys and peer review processes, which are implemented in accordance with its Agreed Principles and Practices, the Committee shall:

• Examine on a regular basis the policies of Members and selected non-Members;

• Take into account the specific circumstances of each country; draw on the experience of OECD Members, the expertise of other OECD committees, and economic research and data more broadly; and identify and discuss relevant international spillovers stemming from the policies of examined country governments.

B. The mandate of the Economic and Development Review Committee shall remain in force until 31 December 2026."