Organisation for Economic Co-operation and Development (OECD) portfolio

OECD is an international organisation that works to build better policies for better lives. The main goal is to shape policies that foster prosperity, equality, opportunity and well-being for all.

OECD:

• carried out an assessment of Ukraine’s position relative to the SOE Guidelines building on earlier Reviews conducted by the OECD on corporate governance reform in the aviation, the hydrocarbons and the electricity sector
• assessed the compliance of Ukraine’s energy companies to the OECD Responsible Business Conduct Guidelines
• is finalising the assessment of the investment climate against the OECD Policy Framework for Investment, focusing on the energy sector

OECD does not issue resolutions of a binding nature, instead, it develops recommendations for the governments of the countries of the world to improve social and economic policies. These recommendations combine positive experience, help find ways to solve common problems, coordinate internal and external policies.

On 7 June 2023, OECD and the Government of Ukraine launched a four-year Country Programme that will support Ukraine’s agenda for reform, recovery and reconstruction.

The OECD has been working in close partnership with Ukraine for more than 30 years to support its ambitious reform agenda. Since February 2022, the OECD has broadened, deepened and strengthened its engagement and co-operation with Ukraine – now a prospective OECD member.

Despite restrictions imposed by Russia’s full-scale invasion of Ukraine, the OECD has continued to support Ukraine on several targeted policy areas, such as:

• Strengthening subnational capacities and decentralisation reform
• Reviewing competition in the Ukrainian electricity sector
• Improving the learning outcomes and well-being of Ukrainian students and teachers
• Supporting the reception and integration of Ukrainian refugees
• Alignment of reform efforts with OECD tax standards