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Economic and Development Review Committee (EDRC)
Chair:   
Mr. Bill White   
(Canada)
Vice-Chairs:   
Mr. Matthew FLAVEL   
(Australia)
Mr. Federico Giammusso   
(Italy)
Members:   
Open to all Member countries 
Regular Observer (Non-Member):   
Russian Federation   
(Country Reviews only)
Observers (International Organisations):   
Bank for International Settlements (BIS)   
European Free Trade Association (EFTA)   
International Monetary Fund (IMF)   
World Bank   
World Trade Organization (WTO)   
Date of creation:
30th September 1961
Duration:
31st December 2013

Mandate:   -   Council Decision regarding the Revision of the mandate of the Economic and Development Review Committee [C/M(2006)2, item 15] approved at its 1128th session held on 26 January 2006

-   Proposed Renewal of the Mandate of the Economic and Development Review Committee [C(2008)20] approved at the Council’s 1171st session held on 17th April 2008 [C/M(2008)7].

 

 

 

Extract of the Annex of document [C(2008)20]

“15.   PROPOSED REVISION OF THE MANDATE OF THE ECONOMIC AND DEVELOPMENT REVIEW COMMITTEE

THE COUNCIL

a)   noted document C(2006)5;

b)   decided, mindful of the vision of the founders of the Organisation as laid out in Article 1 of the Convention on the OECD, notably ‘to achieve the highest sustainable economic growth and employment and a rising standard of living in Member countries’ and ‘to contribute to sound economic expansion in Member as well as non-member countries’, that the Economic and Development Review Committee (EDRC) will examine on a regular basis and make comments and country-specific recommendations on the macroeconomic and structural policies of the Member countries and selected non-Member economies and on the interaction of these policies in raising economic performance;

c)   noted that the modus operandi of the EDRC is laid out in its Agreed Principles and Practices [Annex to C(2006)5], which will be updated by the Committee from time to time as appropriate;”

 

Extract of Council Summary Record [C/M(2008)7]

“89.   …

THE COUNCIL

   b) agreed to renew the Mandate of the Economic and Development Review Committee as set out in the Annex to document C(2008)20 until 31 December 2013.”

 

Version Published On :7th May 2012 and Archived on: 23rd October 2013  
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