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>> Argentina (versión en español)

A mutually beneficial relationship

 

Argentina participates in the substantive work of many of the OECD’s specialised Committees and has adhered to selected OECD legal instruments. As a G20 country, together with Mexico and Brazil, Argentina benefits from the broad OECD-G20 agenda and participates in the development of standards for better global governance such as the Base Erosion and Profit Shifting (BEPS) Project and the OECD-G20 Principles of Corporate Governance.

 

Angel Gurria & Mauricio Macri

OECD Secretary General Ángel Gurría and President Mauricio Macri of Argentina during the World Economic Forum in Davos, Switzerland

 

 

 

“Argentina has begun a new stage in its development that our Government summarises in three objectives: moving towards a country with zero poverty, fighting drug trafficking and uniting Argentinians. This requires strengthening the State’s role as a promoter of sustainable development in different areas of public policy: social policies, education, employment, infrastructure, and value-added tax reform, among others. Argentina is open to international co-operation and looks forward to working closer with the OECD to achieve effective policies in our country to improve the quality of life of our people.”

Mauricio Macri, President of the Argentine Republic

 

In this context, Argentina has recently strengthened its co-operation with the OECD via a tailored 2016-2017 Action Plan, which will mobilise OECD support for Argentina’s key reform priorities across 16 policy areas. Argentina’s Minister of Treasury, Nicolás Dujovne, presented the plan to OECD Secretary-General Ángel Gurría on 17 March 2017 during a bilateral meeting in the margins of the Meeting of the G20 Finance Ministers and Central Bank Governors.  

 

To co-ordinate the relationship,the OECD’s Global Relations Secretariat develops and oversees the strategic orientation of this relationship and ensures that the dialogue remains focused and forward-looking.

 

“This Action Plan is an ambitious combination of public policy priorities that the OECD will work on with Argentina, over the coming year, to strengthen economic growth, competitiveness and institutions and add momentum to President Mauricio Macri’s reform agenda.This is an Argentine plan, based on Argentine priorities. We are committed to leveraging OECD expertise and sharing best practices to help Argentina advance its reform agenda and move closer to international standards.”

Ángel Gurría, OECD Secretary-General

  Dujovne Gurría 
OECD Secretary General Ángel Gurría and Minister of Treasury of Argentina Nicolás Dujovne during the meeting in the margins of the Meeting of the G20 Finance Ministers and Central Bank Governors

 

This results in a mutually beneficial relationship. The review and evaluation procedure allows for the sharing of OECD standards and best practices with Argentinian authorities, and the identification of areas for future reforms. Argentina values 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. In turn, this dialogue enriches the OECD’s knowledge and policy advice, and benefits OECD members and non-OECD economies by enabling them to acquire a better understanding of Argentina.


Latest OECD publications on Argentina

Book cover of the Argentina Economic Survey 2019

OECD Economic Surveys: Argentina 2019 

Over many decades, Argentina’s economy has been held back by weak policy settings and productivity has stagnated. Recent and additional reforms will help to raise prosperity for all Argentinians in the medium term. Strengthening competition by reducing barriers to market entry and foreign trade has particularly high payoffs. Tariff barriers have prevented a stronger integration into the world economy, which could raise consumer purchasing power, reduce the cost of firms’ inputs and lead companies in shielded sectors to become more productive. Currently, many jobs are trapped in activities with limited potential for productivity and wage growth. As job reallocation can result in temporary income losses, policies should ease the transition by enhancing training and social protection. Social policies are effective in reducing inequalities and poverty continued its declining trend during 2016 and 2017, until a severe economic crisis pushed the economy into a deep recession in 2018. This has shifted the immediate policy focus to restoring confidence and unwinding significant fiscal and external imbalances. Swift and decisive policy responses were necessary and their implementation will lay the grounds for a return of macroeconomic stability and a recovery from the recession, although significant risks remain.

 

 

Read the executive summary of this publication here.

 

Additional Recent Reviews of Argentina:

 

>> Access all OECD publications on Argentina

>> More OECD work on Argentina

 

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