Paraguay's Minister of Foreign Affairs, National Chancellor Eladio Loizaga, has confirmed the approval of Paraguay's entry into the Development Centre of the Organization for Economic Cooperation and Development (OECD), which gives Paraguay an important international position. 

The session of the OECD Board of Directors approved last Thursday (26/01/2016) the incorporation of Paraguay to this institution, as confirmed by the Minister of Foreign Affairs. 

Founded in the 1960s, the OECD brings together several countries with the mission of promoting policies that improve people's economic and social well-being, providing a forum where governments can work together to share expertise and seek solutions to common problems, jointly measuring productivity and global trade and investment flows. 

Paraguay's membership in this organization undoubtedly represents an important seal of good practice and gives the country a significant image.