The invitation to start negotiations with Bulgaria for membership in the OECD is an important sign that reforms and security of foreign capital are expected in the country. Important decisions of central banks on raising interest rates are forthcoming, which was delayed by the pandemic.
The OECD (Economic Cooperation and Development Organisation) is an international economic organisation of developed countries based on the ideas of democratic principles of governance, the organizational objective of which is to stimulate economic progress and global trade. 1961 was created and the members are 38 of the developed economic states. Bulgaria has declared its wish for membership in 2007, and is finally expected to launch the road map for our accession, with the process likely to last several years.
Under the pressure of rising inflation, central bankers need to change their policies. This will result in turbulence in the markets.
What are the benefits of our possible OECD membership and what can we expect from the rise in interest rates from the Fed?!
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