Austria will release a stamp on 11th July 2011 to commemorate 50 years of OECD.In 1961, the OECD (Organisation for Economic Cooperation and Development) replaced its predecessor organisation the OEEC, which for its part had been founded in 1947 with the assistance of the United States and Canada to coordinate the Marshall Plan for the reconstruction of Europe after the Second World War. The OECD took up its headquarters in the Château de la Muette in Paris, which is still today the organisation & headquarters.
The new organisation, the OECD, was intended to help its member countries to achieve optimum economic development and employment and a higher standard of living, thereby contributing to the development of the global economy. At the same time, the OECD was to assist the countries to maintain financial stability. The Founding Act of the organisation, the OECD Convention, sets out as further objectives a contribution to healthy economic growth in other countries and the expansion of world trade on a multilateral non-discriminatory basis.
In order to fulfil its functions, the OECD has considerably expanded its field of action beyond the circle of the 34 member states. Today, its analyses and experiences are made available to over 100 developing and newly industrialised countries, thereby taking account of changes in the global economic environment.