Decisive step for joining the OECD: Romania obtains the Formal Approval of the Economic Analysis and Development Committee
The Ministry of Finance informed, on Tuesday, that Romania obtained the Formal Opinion from the Economic Analysis and Development Committee (EDRC) of the Organization for Economic Cooperation and Development (OECD).
The announcement was made by the Ministry of Finance PHOTO Archive
“The adoption of the Formal Notice confirms the alignment of Romania's policies and practices, compared to the best policies and practices of the OECD in the field of economic development”the Ministry of Finance sent in a press release.
According to him, the EDRC Committee's evaluation focused on Romania's analysis in relation to: a solid framework of macroeconomic policies and a healthy financial system, including in the face of economic shocks; structural policies that are compatible with promoting improved economic performance and an efficiently functioning economy and strong institutions that support sustainable and inclusive growth.
“The Ministry of Finance has recovered a lot in the last 8 months from the arrears in the OECD accession process, so that today we have approved all 3 approvals under the responsibility of the ministry. We are betting that the accession to the OECD will be one of the most important economic moments of 2026, and obtaining the Formal Approval from the EDRC confirms that we are on the right track. This step brings concrete benefits: lower financing costs, increased confidence from investors and a more predictable economic framework, with positive effects on the standard of living. Practically, this opinion confirms that Romania has entered a higher echelon of predictability and economic performance”said Alexandru Nazare, Minister of Finance.
At the same time, in the context of obtaining this opinion, the Ministry of Finance hosted today, in Bucharest, the strategic dialogue event “From Stabilization to Growth: Balancing Macro-Fiscal Discipline with Productive Relaunch”during which an integrated discussion panel took place, where the Minister of Finance, Alexandru Nazare, together with Luca Niculescu, Secretary of State in the Ministry of Foreign Affairs and National Coordinator for Romania's accession process to the OECD, representatives of the business environment (Concordia, FIC – Council of Foreign Investors), as well as of the academic environment analyzed, together with OECD experts Katja Schmidt and Pierre Beynet, the macroeconomic context and that of the structural constraints of Romania in 2026.
“The evaluation of Romania had in mind the implementation of the recommendations of the two previous Economic Studies (2022, 2024) and the debate of the project of the Economic Study for Romania, edition 2026, in the dedicated session in Paris, on January 13, 2026. The delegation of Romania to the EDRC on January 13, 2026 was led by the Minister of Finance, Alexandru Nazare, and included participation at the level and from other relevant institutions for the topics included in the Economic Study: National Bank of Romania (NBR), Ministry of Economy, Digitalization, Entrepreneurship and Tourism (MEDAT), Ministry of Labour, Family, Youth and Social Solidarity (MMFTSS), Ministry of Environment, Water and Forests (MMAP)”the Ministry also sent.
The OECD Economic Surveys are periodic analyzes of the economies of member states and partners that take place every two years. Each edition provides a comprehensive analysis of economic developments, with chapters covering the main short- and long-term economic challenges and policy recommendations for addressing them.
The Committee for Economic Analysis and Development is one of the 25 sectoral Committees that evaluate Romania in the process of joining the OECD and which assumed the analysis of Romania's policies and practices in relation to the best OECD policies and practices in the field of economic development.
According to the press release, the 2026 edition of the Economic Study for Romania includes four chapters: macroeconomic developments and public policy challenges; promoting improved labor market participation; strengthening resilience in the face of climate risks and strengthening Romania's competitiveness.
“An important chapter of the report focuses on the importance of increasing the competitiveness of the Romanian economy by stimulating innovation, digitization, developing workforce skills and improving the business environment. Advancing global value chains, attracting investments with high added value and supporting small and medium-sized enterprises are identified as key factors for increasing productivity and living standards”the Ministry also specifies.
According to the cited source, the study also highlights the need to strengthen resilience to climate change through investment in infrastructure, water management, flood protection and increased insurance against natural disasters, as well as through better coordination of adaptation and mitigation policies.
