By Jaya Ramachandran | IDN-InDepthNews Report
BERLIN | PARIS (IDN) – Uruguay has become the 10th member country in Latin America and the Caribbean to join a group of 50 OECD and non-OECD countries that are already members of the Development Centre of the Organisation for Economic Co-operation and Development.
Explaining the accession, a press release said, Uruguay’s structural characteristics, development experience and challenges offer rich opportunities for knowledge sharing among the Centre’s member countries.
Since its banking and financial crisis in 2002, it added, Uruguay has made remarkable progress. Stable macroeconomic policies and a favourable external environment permitted brisk growth and the financing of social policies, yielding the longest period of economic growth in decades.