OECD welcomes Colombia as 37th member

Paris-based Organization for Economic Cooperation and Development (OECD) has announced that Colombia has been officially accepted for membership following a 5-year application process. The OECD, which was founded in 1960 with the objective of improving global economy, increasing investment, trade and "promoting socio-economic well-being,"  A statement on the orgnaisation's website said: "Colombia has valued the opportunity to discuss major policy issues and challenges in a multilateral context and to learn from the experiences of OECD countries facing similar challenges in many areas....