USCIB Trade and Investment Committee Chair and Chair of BIAC Rick Johnston (Citi) and USCIB Vice President for International Investment and Trade Policy Alice Slayton Clark met last week with Bill Tompson, head of the OECD Eurasia Division and Will Davis, head of the OECD Washington Center, to discuss the OECD Country Program for Ukraine to help with reconstruction and redevelopment.
Following the OECD Council’s recognition of Ukraine as a prospective member, OECD is working in close consultation with the government of Ukraine on a four-year Country Program that will enable Ukraine to access OECD expertise and build capacity to respond to domestic policy priorities while also supporting recovery and reconstruction efforts. Financing of the Country Program, estimated to be 16 million EUR over four years, will be secured through grants from OECD members and donors. The Multi-Agency Donor Co-ordination Platform for Ukraine is co-chaired by the United States, the EU, and Ukraine and will help with coordinating fundraising efforts.
“The OECD Country Program will offer Ukraine important information at a time when it seeks to reform its economy and governance structures to attract and sustain the critical international trade and investment needed to recover and prosper after the war, said Clark. “The Program will provide Ukraine with critical knowledge about international best practices, increased participation in selected OECD bodies, tailor-made reviews and peer learning from an enhanced network of international experts and peers, and importantly, stronger links with the OECD community.”
The Country Program for Ukraine will be reviewed and transmitted to OECD Council at the next OECD Ministerial Council (MCM) meeting that will take place June 7-8.
Country Programs provide a structured and strategic form of engagement and cooperation with selected partner countries that, while not formally linked to the OECD accession process, have proven a willingness and ability to meet OECD standards and practices. They are a recently established OECD global relations tool.