30 January 2018, Paris.- The Union for the Mediterranean (UfM) and the Organisation for Economic Cooperation and Development (OECD) signed a Memorandum of Understanding (MoU) today in order to intensify cooperation to advance inclusive and sustainable growth in the Southern Mediterranean region. Youth employability, local economic and employment development, public-private dialogue, women’s empowerment, urban development and transport as well as green growth and economic resilience building are amongst the priority areas targeted.
The MoU was signed by Gabriela Ramos, OECD Chief of Staff and Sherpa to the G20 and Laurence Pais, Deputy Secretary-General of the UfM at the OECD’s Paris headquarters.
“The signing of this MoU signals the growing cooperation between the UfM and the OECD. By joining forces, we will be able to create a widened platform for regional dialogue and cooperation. Contributing to regional integration and stability in the Euro-Mediterranean region is among the UfM’s top priorities, and we look forward to pursuing and intensifying this effort hand-in-hand with the OECD”, said Laurence Païs.
“Fostering economic stability, peace, and sustainable development in the MENA region is of strategic importance. This is why the OECD has been working closely with the region for over a decade through its MENA-OECD Initiative on Governance and Competitiveness. Our strengthened partnership with the UfM will help deepen our cooperation with countries of the region to create more and better opportunities for their citizens, especially women and youth”, said Gabriela Ramos.
About the UfM
The Union for the Mediterranean (UfM) is the intergovernmental Euro-Mediterranean organisation that brings together all 28 countries of the European Union and 15 countries from the Southern and Eastern Mediterranean. The UfM provides a forum to enhance regional cooperation and dialogue, as well as the implementation of concrete projects and initiatives, in order to address the three strategic objectives of the region: stability, human development and integration.
The Secretariat of the Union for the Mediterranean is the platform to operationalise decisions taken by the UfM Member States, promoting regional projects and dialogue, based on multi-partner networks and the exchange of best practices: more than 50 regional projects labelled by the Member States worth over €5 billion, mainly in the areas of inclusive growth, youth employability, women empowerment, student mobility, sustainable urban development and climate action.
About the OECD
The OECD is a unique forum where the governments of 35 democracies with market economies work with each other, as well as with more than 70 non-member economies to promote economic growth, prosperity, and sustainable development.