PARIS – In a significant diplomatic ceremony attended by President Luis Abinader, the Dominican Republic formalized a strategic partnership with the Organisation for Economic Co-operation and Development (OECD) through the signing of a comprehensive Memorandum of Understanding. The signing event, held during the OECD Global Anti-Corruption and Integrity Forum in Paris, marks a pivotal step in the Caribbean nation’s integration with global governance standards.
Foreign Minister Roberto Álvarez and OECD Secretary-General Mathias Cormann executed the agreement that establishes an institutional framework for enhanced cooperation across multiple policy domains. This partnership is designed to facilitate knowledge transfer, promote transparency initiatives, and implement international best practices within the Dominican Republic’s public administration systems.
The memorandum outlines specific collaboration areas including economic policy reform, fiscal management modernization, environmental sustainability programs, and public governance enhancement. These measures are strategically positioned to attract foreign direct investment by demonstrating the country’s commitment to institutional integrity and international compliance standards.
Additionally, the agreement provides mechanisms for expanded participation in OECD technical committees and policy networks, accelerating the alignment of Dominican legislation with OECD instruments. This engagement is expected to drive state modernization efforts and elevate the nation’s economic competitiveness on the global stage through improved regulatory frameworks and governance practices.