Romania's accession to the OECD could generate an economic growth of 0.8%-1% of GDP, but it depends on the effective implementation of standards and public policies.

Leonardo Badea, first deputy governor of the BNR, stated that Romania's integration into the OECD will provide a reference framework for structural measures that can bring an economic growth of 0.8%-1% of GDP. The accession, expected this year, should not be seen merely as a diplomatic success, but as an opportunity to optimize the national economy. Badea emphasized that the efficiency of this process depends on the quality of public policies and the avoidance of "facade institutionalism."

He highlighted the importance of the quality of OECD membership in reducing the risk premium and improving the country rating, facilitating the attraction of foreign direct investments. Accession will stimulate the transition to high value-added sectors, having a positive impact on labor productivity. Additionally, Badea mentioned that the benefits are not automatic and require effective public policies, warning against the risks of superficial reforms. Implementing governance standards and digitizing administration are essential to ensure the long-term success of the accession. In conclusion, OECD membership will strengthen Romania's position on the international stage and will support convergence with advanced economies.