Creation of the OECD

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In 1948, the Organization for European Economic Cooperation (OEEC) was originally established to run the Marshall Plan. It is an US-financial plan for reconstruction of the European continent which was devastated by the war. Individual governments started recognizing the interdependence of their economies paving the way for cooperation which has changed Europe since then.



After the success of the OEEC, Canada and the US joined the organization with the signature of the new OECD. It is with this signature when the OECD is officially born, on 30th September 1961.
After this, other countries started joining such as Japan in 1964. 





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