Organisation for Economic Co-operation and Development. An international organization working on a broad range of topics to help governments foster economic development and fight poverty through economic growth and financial stability. It also helps to ensure that environmental implications of economic and social development are taken into account. The OECD (originated as the OEEC - Organization for European Economic Cooperation in 1948) was founded in 1961, and has 34 member countries today. The OECD can participate as an observer organization in the UNFCCC process, and provides inputs upon request e.g. through submissions to the Standing Committee on Finance (see SCF).