Organization for Economic Co-Operation and Development (OECD)

Definition

The OECD is an international organization that promotes economic growth, trade, and development among its member countries through policy coordination and sharing of best practices.

Related terms

World Bank:

An international financial institution that provides loans and grants to developing countries for capital projects.

International Monetary Fund (IMF):

An organization that aims to promote global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth.

United Nations (UN):

A global organization composed of member states working together on issues such as peacekeeping, human rights, and social progress.