The European Investment Bank (EIB) and the Organisation for Economic Co-operation and Development (OECD) have agreed to share their expertise in support of economic co-operation and sustainable development.

The two institutions will share knowledge in the areas of: research and innovation, development policy and related financing issues; regional policy, including sustainable urban development; private sector development, financing for small and medium-sized enterprises (SMEs) and public-private partnerships (PPPs); corporate social responsibility, anti-corruption and anti-fraud policies; and environmental sustainability and the economics of climate change.

OECD secretary-general Angle Gurría, said: "The crisis has highlighted the importance and value of countries and organisations working more closely together to tackle global challenges. This agreement with the EIB is another step forward in the OECD's efforts to achieve that and help a wide range of countries boost their economic growth and prosperity."

EIB president, Philippe Maystadt, added: "The EIB is committed to cooperating with the OECD on challenges such as aid effectiveness, corporate governance and sustainable development, including the fight against climate change. We believe that OECD and EIB expertise can be combined for the benefit of our respective member states and partner countries."

Poland has been selected by the OECD and the EIB for a pilot exercise to promote collaboration on urban development, with a view to roll it out across other countries. The OECD will partner in an Urban Platform for Poland with the EIB for this research network for urban development issues in that country. The EIB will also partner the OECD to participate in meetings to prepare its National Urban Policy Review of Poland.

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