Chile: Signs up as first OECD member in South America

Chile will become the OECD’s 31st member and its first in South America under an accession agreement signed on 11 January at La Moneda in Santiago by OECD Secretary-General Angel Gurría and Chilean Finance Minister Andrés Velasco in the presence of President Michelle Bachelet. Chile’s membership will become official once necessary formalities, including parliamentary approval, have been completed.