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The Crest of the Commonwealth of Australia Treasury Portfolio Ministers
Picture of Peter Costello

Peter Costello

Treasurer

11 March 1996 - 3 December 2007

Media Release of 11/10/1999

NO.066

TREASURER TO CHAIR 2000 OECD COUNCIL

Australia has been elected to chair the Ministerial Council of the Organisation for Economic Co-operation and Development (OECD). The OECD comprises 29 nations who are the world’s leading industrial economies.

That Australia has been chosen to chair the OECD Ministerial Council acknowledges its strong economic performance over the last two years. Notwithstanding the east Asian financial and economic crisis, Australia has emerged as one of the world leaders in growth with low inflation.

The Ministerial Council will be held in Paris on 26 and 27 June 2000 and is attended by Finance, Trade and Foreign Affairs Ministers. The Treasurer, on behalf of Australia, will chair the meeting.

The Secretary-General of the OECD, Mr Donald J Johnston, will visit Australia from 13-16 October 1999 to promote the work of the OECD. He will be discussing with the Treasurer preparations for the 2000 Ministerial Council meeting and while in Australia he will also meet with other Government Ministers.

CANBERRA
11 October 1999