Chile Joins OECD

Chile became the first South American country to join the OECD Monday, pending ratification from its parliament. “Chile’s acceptance for OECD membership marks international recognition of nearly two decades of democratic reform and sound economic policies. For the OECD, Chile’s membership is a major milestone in its mission to build a stronger, cleaner and fairer global economy,” says the OECD. The group also notes “increasingly close co-operation with Brazil,” which it says it is working with in the context of new membership by major economies. Mexico is the only other LatAm member.