oecd stands for organization for economic cooperation and
OECD The Organisation for Economic Co-operation and Development (OECD; French: Organisation de coopération et de développement économiques, OCDE) is an intergovernmental economic organisation with 35 member countries, founded in 1960 to stimulate economic progress and world trade. It is a forum of countries describing themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seeking answers to common problems, identify good practices and coordinate domestic and international policies of its members. Most OECD members are high-income economies with a very high Human Development Index (HDI) and are regarded as developed countries. OECD is an official United Nations Observer.[1]
United Nations Development Programme The UNDP was founded on 22 November 1965 with the merging of the Expanded Programme of Technical Assistance (EPTA) and the Special Fund.[6] The rationale was to "avoid duplication of [their] activities". The EPTA was set up in 1949 to help the economic and political aspects of underdeveloped countries while the Special Fund was to enlarge the scope of UN technical assistance.[7] The Special Fund arose from the idea of a Special United Nations Fund for Economic Development (SUNFED) (which was initially called UNFED).