VILNIUS, April 15 (Xinhua) -- Lithuania will see itself as a new member of OECD as soon as in 2017, a Lithuanian diplomat said in an interview with Xinhua here on Tuesday.
"We have now been invited into the waiting room of the organization, we can see what is going on inside there," deputy foreign minister of Lithuania Rolandas Krisciunas said.
On April 8, he signed the financing agreement between Lithuania and the organization, setting a legal framework for OECD's experts to conduct a variety of reviews on the Lithuanian governance, to provide recommendations and to enhance business transparency.
"I believe that joining OECD will improve investment climate in Lithuania," Krisciunas said.
Among other benefits, he noted possible better borrowing costs for the Baltic country and access to immense reserves of well-tested recipes for the better governance of the country.
Lithuania's readiness to join the euro zone from the beginning of 2015 is one of the evidences of the progress made by the Baltic country, the official said.
Lithuania aims to become the 19th euro zone member next year and waits for the EU's approval in July.
Krisciunas estimates that the most optimistic time for Lithuania to become a fully-fledged OECD member is 2017. According to him, it will become clear in May 2016 if Lithuania will be invited to open formal negotiations. Lithuania has aimed to become a full member of the OECD since 2002.
OECD has its ministerial meeting every year in May and decides on further expansion of the organization. Last year, Lithuania's Baltic neighbor Latvia was invited to begin the OECD accession negotiations. Estonia, the other Baltic neighbor of Lithuania, joined OECD in 2010.
"There are different maps for investments in the world, and Lithuania is still not marked on some of these maps," said the Vice-Minister.
He has been commissioned by the Lithuanian government to coordinate Lithuania's efforts to join OECD which includes most of the world's wealthiest nations.
OECD has currently 34 member countries. The organization was established in 1961 as the successor to the Organization for European Economic Cooperation, which administered the Marshall Plan at the end of World War II.