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108-643: IOSCO has members from over 100 countries, who regulate more than 95% of the world's securities markets. It has a permanent secretariat in Madrid , Spain . IOSCO was born in 1983 from the transformation of its ancestor the "Inter-American Regional Association" (created in 1974) into a truly global cooperative. This decision to expand the organization beyond the Americas was made at the annual gathered in Quito , Ecuador , in April 1983. At

216-401: A 0.8 km (0.31 sq mi) periurban park as well as municipal garden centres and compost plants. Madrid has a cold semi-arid climate ( Köppen BSk ), transitioning to a Mediterranean climate (Csa) in the western half. The city has continental influences. Winters are cool due to its altitude, which is approximately 667 m (2,188 ft) above sea level and distance from

324-415: A comprehensive set of Objectives and Principles of Securities Regulation (IOSCO Principles). These continue to be developed and expanded. IOSCO recommends all its members to adopt these and helps its members assess the level of compliance with the principles. These include; Madrid Madrid ( / m ə ˈ d r ɪ d / mə- DRID ; Spanish: [maˈðɾið] )

432-693: A country . The OECD also created agencies such as the OECD Development Centre (1961), International Energy Agency (IEA, 1974), and Financial Action Task Force on Money Laundering . The aims of the OECD are stated in Article 1 of the Convention as: Unlike the United Nations' "Organizations," OECD uses the spelling "Organisation" with an "s" in its name, together with a hyphenated "Co-operation". Following

540-631: A cumbersome task. Following several (occasionally unruly) meetings at the Hotel Majestic in Paris, which began in January 1960, a resolution was reached to create a body that would not only solve European and Atlantic economic issues, but also devise policies that could assist less developed countries. This reconstituted organisation would bring the US and Canada, who were already OEEC observers, on board as full members, and

648-510: A declaration of war calling all the Spaniards to fight against the French invaders. The city was invaded on 24 May 1823 by a French army—the so-called Hundred Thousand Sons of Saint Louis —called to intervene to restore the absolutism of Ferdinand that the latter had been deprived from during the 1820–1823 trienio liberal . Unlike other European capitals, during the first half of the 19th century

756-646: A discussion on a broad spectrum of thematic issues relevant to the OECD charter, member countries, and non-member countries. Noteworthy meetings include: Exchanges between OECD governments benefit from the information, analysis, and preparation of the OECD Secretariat. The secretariat collects data, monitors trends, and analyses and forecasts economic developments. Under the direction and guidance of member governments, it also researches social changes or evolving patterns in trade, environment, education, agriculture, technology, taxation and other areas. The secretariat

864-494: A framework for negotiations aimed at setting up a European Free Trade Area , to bring the EEC's Inner Six and other OEEC members together on a multilateral basis. In 1958, a European Nuclear Energy Agency was set up in response to Euratom. By this time, some leading countries felt that the OEEC had outlived its purpose but could be adapted to fulfil a more global mission, which proved to be

972-659: A member of the Organisation through the letter addressed by Romanian Prime Minister Victor Ponta to OECD Secretary-General José Ángel Gurría . In September 2012, the government of Bulgaria confirmed it would apply for membership before the OECD Secretariat. The OECD established a working group headed by ambassador Seiichiro Noboru to work out a plan for the enlargement with non-members. The working group defined four criteria that must be fulfilled: "like-mindedness", "significant player", "mutual benefit" and "global considerations." The working group's recommendations were presented at

1080-461: A member on 28 April 2020. On 15 May 2020, the OECD decided to extend a formal invitation for Costa Rica to join the OECD, which joined as a member on 25 May 2021. Other countries that have expressed interest in OECD membership are Argentina , Brazil , Croatia , Malaysia and Peru . In January 2022, the OECD reported that membership talks were underway with Argentina , Brazil , Bulgaria , Croatia , Peru and Romania . In March 2022,

1188-522: A membership option for these countries. As a result of this, Poland , Hungary , the Czech Republic and Slovakia , as well as South Korea and Mexico , became members of the OECD between 1996 and 2000. East Germany joined on 3 October 1990 through reunification with West Germany. In the 1990s, several European countries, now members of the European Union, expressed their willingness to join

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1296-531: A number of monuments and cultural institutions. The reforms enacted by his Sicilian minister were however opposed in 1766 by the populace in the so-called Esquilache Riots , a revolt demanding to repeal a clothing decree banning the use of traditional hats and long cloaks aiming to curb crime in the city. In the context of the Peninsular War , the situation in French-occupied Madrid after March 1808

1404-579: A radial system of communications and transports for the country through public investments. Philip V built the Royal Palace, the Royal Tapestry Factory and the main Royal Academies. The reign of Charles III , who came to be known as "the best mayor of Madrid", saw an effort to turn the city into a true capital, with the construction of sewers, street lighting, cemeteries outside the city and

1512-518: A severe housing shortage. Slums and squalor grew due to high population growth and the influx of the poor to the city. Construction of affordable housing failed to keep pace and increased political instability discouraged economic investment in housing in the years immediately prior to the Civil War. Anti-clericalism and Catholicism lived side by side in Madrid; the burning of convents initiated after riots in

1620-545: A starting point for Muslim offensives. After the disintegration of the Caliphate of Córdoba in the early 11th century, Madrid was integrated in the Taifa of Toledo . In the context of the wider campaign for the conquest of the taifa of Toledo initiated in 1079, Madrid was seized in 1083 by Alfonso VI of León and Castile , who sought to use the town as an offensive outpost against the city of Toledo, in turn conquered in 1085. Following

1728-750: A transported ancient Egyptian temple. Other urban parks are the Parque de El Capricho , the Parque Juan Carlos I (both in northeast Madrid), Madrid Río , the Enrique Tierno Galván Park  [ es ] , the San Isidro Park  [ es ] as well as gardens such as the Campo del Moro (opened to the public in 1978) and the Sabatini Gardens (opened to the public in 1931) adjacent to

1836-406: A very high Human Development Index . As of 2024 their collective population is 1.38 billion people with an average life expectancy of 80 years and a median age of 40, against a global average of 30. As of 2017 , OECD Member countries collectively comprised 62.2% of global nominal GDP ( USD 49.6 trillion) and 42.8% of global GDP ( Int$ 54.2 trillion) at purchasing power parity . The OECD

1944-400: Is a forum whose member countries describe themselves as committed to democracy and the market economy , providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are generally regarded as developed countries , with high-income economies , and

2052-573: Is an official United Nations observer . OECD nations have strong social security systems ; their average social welfare spending stood at roughly 21% of GDP. The OECD's headquarters are at the Château de la Muette in Paris , France, which housed its predecessor organization, the Organization for European Economic Co-operation. The OECD is funded by contributions from member countries at varying rates and

2160-727: Is composed of 33 securities regulators; Hong Kong Securities and Futures Commission CEO Ashley Ian Alder is the IOSCO Board Chair (he also chairs the Asia-Pacific Regional Committee). He is supported by two Vice Chairs, Ranjit Ajit Singh, Chair of the Securities Commission Malaysia (who chairs the Growth and Emerging Markets Committee, IOSCO's largest sub-committee) and Jean-Paul Servais, Chair of Belgium 's Financial Services and Markets Authority (who chairs

2268-726: Is located on the hills next to the left bank of the Manzanares River. The city grew to the east, reaching the Fuente Castellana Creek  [ es ] (now the Paseo de la Castellana ), and further east reaching the Abroñigal Creek  [ es ] (now the M-30 ). The city also grew through the annexation of neighbouring urban settlements, including those to the South West on

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2376-677: Is organised in directorates: The head of the OECD Secretariat and chair of the OECD Council is the Secretary-General. Secretary-General selections are made by consensus , meaning all member states must agree on a candidate. Representatives of member and observer countries meet in specialised committees on specific policy areas, such as economics, trade, science, employment, education, development assistance or financial markets. There are about 200 committees, working groups and expert groups. Committees discuss policies and review progress in

2484-499: Is recognised as a highly influential publisher of mostly economic data through publications as well as annual evaluations and rankings of member countries. The OECD is the successor organization to the Organisation for European Economic Co-operation (OEEC) , established in April 1948 among the European recipients of Marshall Plan aid for the reconstruction of Europe after World War II . Only Western European states were members of

2592-574: Is run by a General Secretariat based in Madrid , Spain . IOSCO's current Secretary General is Paul P. Andrews, who started his renewable three-year term in March 2016. Previously, he served as the Vice President and Managing Director of Financial Industry Regulatory Authority (FINRA) a self-regulatory organization in the United States. The IOSCO Board is IOSCO's governing and standard-setting body. It

2700-512: Is the capital and most populous municipality of Spain . It has almost 3.4 million inhabitants and a metropolitan area population of approximately 7 million. It is the second-largest city in the European Union (EU), and its monocentric metropolitan area is the second-largest in the EU. The municipality covers 604.3 km (233.3 sq mi) geographical area. Madrid lies on

2808-520: The 1960s Spanish economic boom , while the south-eastern periphery became a large working-class area, which formed the base for active cultural and political movements. After the fall of the Francoist regime, the new 1978 constitution confirmed Madrid as the capital of Spain. The 1979 municipal election brought Madrid's first democratically elected mayor since the Second Republic to power. Madrid

2916-677: The Plaza Mayor , the Royal Palace of Madrid ; the Royal Theatre with its restored 1850 Opera House; the Buen Retiro Park , founded in 1631; the 19th-century National Library building (founded in 1712) containing some of Spain's historical archives; many national museums, and the Golden Triangle of Art , located along the Paseo del Prado and comprising three art museums: Prado Museum ,

3024-587: The Reina Sofía Museum , a museum of modern art , and the Thyssen-Bornemisza Museum , which complements the holdings of the other two museums. The mayor is José Luis Martínez-Almeida from the People's Party . The origin of the name is unknown. There are various theories regarding the origin of the toponym "Madrid" (all of them with problems when it comes to fully explaining the phonetic evolution of

3132-660: The Revolutions of 1989 , the OECD began assisting countries in and Eastern Europe (especially the Visegrád Group ) to prepare market economy reforms. In 1990, the Centre for Co-operation with European Economies in Transition (now succeeded by the Centre for Cooperation with Non-Members) was established, and in 1991, the programme, "Partners in Transition", was launched to offer a partnership to Czechoslovakia , Hungary and Poland, including

3240-535: The River Manzanares in the central part of the Iberian Peninsula at about 650 meters above mean sea level. The capital city of both Spain and the surrounding autonomous community of Madrid (since 1983), it is also the political, economic, and cultural centre of the country. The climate of Madrid features hot summers and cool winters. The primitive core of Madrid, a walled military outpost, dates back to

3348-687: The Royal Spanish Academy (RAE), the Instituto Cervantes and the Foundation of Urgent Spanish ( Fundéu RAE). Madrid organises fairs such as FITUR, ARCO, SIMO TCI and the Madrid Fashion Week . Madrid is home to two world-famous football clubs, Real Madrid and Atlético Madrid . While Madrid possesses modern infrastructure, it has preserved the look and feel of many of its historic neighbourhoods and streets. Its landmarks include

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3456-552: The arts all contribute to its status as one of the world's major global cities . Madrid is considered the major financial centre and the leading economic hub of the Iberian Peninsula and of Southern Europe . The metropolitan area hosts major Spanish companies such as Telefónica , Iberia , BBVA and FCC . It concentrates the bulk of banking operations in the country and it is the Spanish-speaking city generating

3564-560: The gentrification and the spike of tourist apartments in the city centre) and the profusion of betting shops in working-class areas, leading to an "epidemic" of gambling among young people. Madrid lies in the centre of the Iberian peninsula on the southern Meseta Central , 60 km south of the Guadarrama mountain range and straddling the Jarama and Manzanares river sub-drainage basins, in

3672-527: The revolt of the Comuneros , led by Juan Lopez de Padilla , Madrid joined the revolt against Charles, Holy Roman Emperor , but after defeat at the Battle of Villalar , Madrid was besieged and occupied by the imperial troops. The city was however granted the titles of Coronada (Crowned) and Imperial . The number of urban inhabitants grew from 4,060 in the year 1530 to 37,500 in the year 1594. The poor population of

3780-623: The 10 m (108 sq ft) per inhabitant recommended by the World Health Organization. A great bulk of the most important parks in Madrid are related to areas originally belonging to the royal assets (including El Pardo, Soto de Viñuelas, Casa de Campo, El Buen Retiro, la Florida and the Príncipe Pío hill , and the Queen's Casino). The other main source for the "green" areas are the bienes de propios  [ es ] owned by

3888-693: The 1960s to the end of the 1990s was also described in the memoirs titled “the Bank of Japan and the OECD: Recollections and Reflections”, written in Japanese by Kumiharu Shigehara and published in December 2019. In his letter of 5 February 2019, Donald Johnston, OECD Secretary-General (1996-2006), noted that Shigehara's "book is very important for the OECD where there is little living institutional memory". The English edition of Shigehara's memoirs titled The Bank of Japan,

3996-559: The Bourbon army on 4 August 1706. The Habsburg army led by the Archduke Charles entered the city for a second time  [ es ] in September 1710, leaving the city less than three months after. Philip V entered the capital on 3 December 1710. Seeking to take advantage of the Madrid's location at the geographic centre of Spain, the 18th century saw a sustained effort to create

4104-660: The City Council. They were the main infrastructure for the supply of water until the arrival of the Canal de Isabel II in the mid-19th century. Madrid derives almost 73.5 percent of its water supply from dams and reservoirs built on the Lozoya River , such as the El Atazar Dam . This water supply is managed by the Canal de Isabel II, a public entity created in 1851. It is responsible for

4212-606: The Declaration. The OECD publishes books, reports, statistics, working papers, and reference materials. All titles and databases published since 1998 can be accessed via OECD iLibrary . The OECD Library & Archives collection dates from 1947, including records from the Committee for European Economic Co-operation (CEEC) and the Organisation for European Economic Co-operation (OEEC), predecessors of today's OECD. External researchers can consult OECD publications and archival material on

4320-426: The European Regional Committee as well). IOSCO has four regional committees: IOSCO is a member of, participates as an observer in, or coordinates with a number of other organizations. One of its most important relationships is with the Joint Forum of international financial regulators. IOSCO, along with the Basel Committee on Banking Supervision and the International Association of Insurance Supervisors , make up

4428-458: The G20. It is not certain when the proposals will be implemented. All the major economies agreed to pass national laws that would require corporations to pay at least 15% income tax in the countries they operate. This new policy would end the practice of locating world headquarters in small countries with very low taxation rates. Governments hope to recoup some of the lost revenue, estimated at $ 100 billion to $ 240 billion each year. The new system

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4536-515: The Joint Forum. The IOSCO MOUs are considered the primary instruments to facilitate cross border cooperation, reduce global systemic risk, protect investors, and ensure fair and efficient securities markets. Additionally, IOSCO is a member of, participates as an observer in, or coordinates with a number of other international organizations, including the OECD , FSB , Financial Action Task Force on Money Laundering , IASB , PIOB , IMF , World Bank , and European Commission . IOSCO adopted in 1998

4644-509: The Madrid population temporarily plummeted accordingly). Being the capital was decisive for the evolution of the city and influenced its fate and during the rest of the reign of Philip II, the population boomed, going up from about 18,000 in 1561 to 80,000 in 1598. During the early 17th century, although Madrid recovered from the loss of the capital status, with the return of diplomats, lords and affluent people, as well as an entourage of noted writers and artists together with them, extreme poverty

4752-460: The Manzanares. Other large forested areas include the Soto de Viñuelas , the Dehesa de Valdelatas  [ es ] and the Dehesa de la Villa  [ es ] . As of 2015, the most recent big park in the municipality is the Valdebebas Park. Covering a total area of 4.7 km (1.8 sq mi), it is sub-divided in a 3.4 km (1.3 sq mi) forest park (the Parque forestal de Valdebebas-Felipe VI  [ es ] ),

4860-401: The OECD Convention after September 1961, but are nevertheless considered founding members. The official founding members are the following: Japan became a member in 1964, and over the following decade, Finland , Australia , and New Zealand also joined the organisation. Yugoslavia had observer status in the organisation, starting with the establishment of the OECD, until its dissolution as

4968-419: The OECD Ministerial Council Meeting on 13 May 2004, and on 16 May 2007, the OECD Ministerial Council decided to open accession discussions with Chile , Estonia , Israel , Russia , and Slovenia , and to strengthen cooperation with Brazil , China , India , Indonesia , and South Africa through a process of enhanced engagement. Chile, Slovenia, Israel, and Estonia all became members in 2010. In March 2014,

5076-461: The OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, a Model Tax Convention and country-by-country reporting rules. The OECD publishes and updates a model tax convention that serves as a template for allocating taxation rights between countries. This model is accompanied by a set of commentaries that reflect OECD-level interpretation of the content of the model convention provisions. In general, this model allocates

5184-412: The OECD announced that it "has transitioned to [an] open-access information model" and that Creative Commons CC‑BY‑4.0 attribution licenses will be used on all data and publications. There are 15 working papers series published by the various directorates of the OECD Secretariat. They are available on iLibrary, as well as on many specialised portals. The OECD is responsible for the OECD Guidelines for

5292-415: The OECD halted membership talks with Russia in response to its role in the 2014 Annexation of Crimea . In 2013, the OECD decided to open membership talks with Colombia and Latvia . In 2015, the Organisation opened talks with Costa Rica and Lithuania . Latvia became a member on 1 July 2016, and Lithuania soon followed on 5 July 2018. Colombia signed the accession agreement on 30 May 2018 and became

5400-418: The OECD premises by appointment. The OECD releases about 600 books and over 400 papers yearly on topics spanning public policy. The publications are updated to the OECD iLibrary. Most books are published in English and French. The OECD flagship titles include: All OECD books are available on the OECD iLibrary, the online bookshop or OECD Library & Archives. OECD Observer , an award-winning magazine,

5508-401: The OECD suspended the participation of Russia and Belarus due to the ongoing 2022 Russian invasion of Ukraine . In June 2022, during the annual OECD Ministerial Council Meeting, the Roadmaps for the Accession to the OECD Convention for Brazil , Bulgaria , Croatia , Peru and Romania were adopted. The OECD sets the rules governing international taxation for multinationals through

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5616-455: The OECD, and Beyond was published by Palgrave Macmillan in September 2024. The OECD is known as a statistical agency , as it publishes comparable statistics on numerous subjects. In July 2014, the OECD publicly released its main statistical databases through the OECD Data Portal, an online platform that allows visitors to create custom charts based on official OECD indicators. OECD statistics are available in several forms: In July 2024,

5724-457: The OEEC would set to work straight away on convincing Japan to join the organisation. The Convention on the Organisation for Economic Co-operation and Development was signed on 14 December 1960, and the OECD officially superseded the OEEC in September 1961, consisting of the European founder countries of the OEEC, with the additions of the United States and Canada. Three countries, (Netherlands, Luxembourg, and Italy)—all OEEC members—ratified

5832-466: The OEEC, whose primary function was the allocation of American aid. Its Secretaries-General were the Frenchmen Robert Marjolin (1948–1955) and René Sergent (1955–1960). It was headquartered in the Château de la Muette in Paris. Following the end of Marshall aid in 1952, the OEEC focused on economic issues. Its coordinating role was challenged after the 1957 Rome Treaties establishing the European Economic Community and Euratom . The OEEC provided

5940-486: The Organisation. In 1995, Cyprus applied for membership, but according to the Cypriot government, it was vetoed by Turkey . In 1996, Estonia , Latvia , and Lithuania signed a Joint Declaration expressing willingness to become members of the OECD, and Slovenia also applied for membership that same year. In 2005, Malta applied to join the Organisation. The EU is lobbying for the admission of all EU member states . Romania reaffirmed in 2012 its intention to become

6048-400: The Royal Palace. Further west, across the Manzanares, lies the Casa de Campo , a large forested area with more than 1700 hectares (6.6 sq mi) where the Madrid Zoo , and the Parque de Atracciones de Madrid amusement park are located. It was ceded to the municipality following the proclamation of the Second Spanish Republic in 1931. The Monte de El Pardo is the largest forested area in

6156-442: The Testing of Chemicals , a continuously updated document that is a de facto standard (i.e., soft law). It published the OECD Environmental Outlook to 2030 in March 2008, which argues that tackling key environmental problems—including climate change , biodiversity loss , water scarcity , and the health impacts of pollution —is both achievable and affordable. In 2020, the inaugural University Press Redux Sustainability Award

6264-427: The aegis of a wider coordinated urban planning. Madrid grew through the annexation of neighboring municipalities, achieving the present extent of 607 km (234.36 sq mi). The south of Madrid became heavily industrialized, and there was significant immigration from rural areas of Spain. Madrid's newly built north-western districts became the home of a newly enriched middle class that appeared as result of

6372-497: The agricultural and less repopulated town of Madrid. After the decline of Sepúlveda , another concejo north of the mountain range, Segovia had become a major actor south of the Guadarrama mountains, expanding across the Lozoya and Manzanares rivers to the north of Madrid and along the Guadarrama river course to its west. In 1309, the Courts of Castile convened at Madrid for the first time under Ferdinand IV , and later in 1329, 1339, 1391, 1393, 1419 and twice in 1435. During

6480-428: The city by 1956). A transitional planning intended to temporarily replace the shanty towns were the poblados de absorción , introduced since the mid-1950s in locations such as Canillas , San Fermín , Caño Roto, Villaverde , Pan Bendito  [ es ] , Zofío and Fuencarral , aiming to work as a sort of "high-end" shacks (with the destinataries participating in the construction of their own housing) but under

6588-440: The city in May 1931 worsened the political environment. However, the 1934 insurrection largely failed in the city. Madrid was one of the most heavily affected cities in the Spanish Civil War (1936–1939). It was a stronghold of the Republican faction from July 1936 and became an international symbol of anti-fascist struggle during the conflict. The city suffered aerial bombing, and in November 1936, its western suburbs were

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6696-469: The city proliferated. The following administrations, also conservative, led by Alberto Ruiz-Gallardón and Ana Botella launched three unsuccessful bids for the 2012, 2016 and 2020 Summer Olympics. By 2005, Madrid was the leading European destination for migrants from developing countries , as well as the largest employer of non-European workforce in Spain. Madrid was a centre of the anti-austerity protests that erupted in Spain in 2011. As consequence of

6804-441: The city's history as the capital of formerly imperial Spain. The intense demographic growth experienced by the city via mass immigration from the rural areas of the country led to the construction of abundant housing in the peripheral areas of the city to absorb the new population (reinforcing the processes of social polarization of the city), initially comprising substandard housing (with as many as 50,000 shacks scattered around

6912-430: The city. Precipitation is typically concentrated in the autumn, winter, and spring. It is particularly sparse during the summer, taking the form of about two showers and/or thunderstorms during the season. Madrid is the european capital with the least amount of annual precipitation. At the metropolitan scale, Madrid features both substantial daytime urban cool island and nighttime urban heat island effects during

7020-423: The conquest, Christians occupied the center of the city, while Muslims and Jews were displaced to the suburbs. Madrid, located near Alcalá (under Muslim control until 1118), remained a borderland for a while, suffering a number of razzias during the Almoravid period, and its walls were destroyed in 1110. The city was confirmed as villa de realengo  [ es ] (linked to the Crown) in 1123, during

7128-435: The cost borne by the member countries, such as sending their officials to OECD meetings and maintaining permanent delegations, is equivalent to the cost of running the secretariat. This ratio is unique among inter-governmental organisations. In other words, the OECD is more a persistent forum or network of officials and experts than an administration. The OECD regularly holds minister-level meetings and forums as platforms for

7236-421: The court was composed of ex-soldiers, foreigners, rogues and Ruanes, dissatisfied with the lack of food and high prices. In June 1561 Phillip II set his court in Madrid, installing it in the old alcázar . Thanks to this, the city of Madrid became the political centre of the monarchy, being the capital of Spain except for a short period between 1601 and 1606, in which the Court was relocated to Valladolid (and

7344-400: The environmental value. During the reign of Ferdinand VII the regime of hunting prohibition for the Monte de El Pardo became one of full property and the expropriation of all possessions within its bounds was enforced, with dire consequences for the madrilenians at the time. It is designated as Special Protection Area for bird-life and it is also part of the Regional Park of the High Basin of

7452-424: The existence of an established settlement in Madrid dates from the Muslim age. In the second half of the 9th century, Umayyad Emir Muhammad I built a fortress on a headland near the river Manzanares as one of the many fortresses he ordered to be built on the border between Al-Andalus and the kingdoms of León and Castile , with the objective of protecting Toledo from the Christian reconquests and also as

7560-434: The first time in Kumiharu Shigehara, “Multilateral Surveillance: What the OECD can offer?” (the 1996 Global Finance Lecture, the University of Birmingham, 1996; OECD publication, Paris, 1996) at a time when Shigehara was OECD Chief Economist and Head of Economics Department (1992–1997); he was subsequently OECD Deputy Secretary-General (1997–1999). It was also discussed in: The history of OECD multilateral surveillance from

7668-430: The frequent heat waves. Due to Madrid's altitude and dry climate, humidity is low and diurnal ranges are often significant, particularly on sunny winter days when the temperature rises in the afternoon before rapidly plummeting after nightfall. Madrid is among the sunniest capital cities in Europe. The highest recorded temperature was on 14 August 2021, with 40.7 °C (105.3 °F) and the lowest recorded temperature

7776-429: The given policy area. OECD has a number of specialised bodies: OECD decisions are made through voting, which requires unanimity among all of those voting. Each member country has one vote. However, dissenting members which do not wish to block a decision but merely to signal their disapproval can abstain from voting. 22 of the OECD member countries are also EU member states. As of May 2021 there are 38 members of

7884-453: The homes of the influx of workers, while Ensanche became a middle-class neighbourhood of Madrid. The Spanish Constitution of 1931 was the first to legislate the location of the country's capital, setting it explicitly in Madrid. During the 1930s, Madrid enjoyed "great vitality"; it was demographically young, becoming urbanized and the centre of new political movements. During this time, major construction projects were undertaken, including

7992-459: The international community of securities regulators. Then in 2005 IOSCO MMoU become the benchmark for international cooperation among securities regulators. As of August 2024, IOSCO had 240 members. IOSCO members are divided into three main categories: The organization is made up of a number of committees that meet several times a year at locations around the world supported by a permanent administrative General Secretariat. Administratively, IOSCO

8100-854: The largest number of webpages. Madrid houses the headquarters of the UN 's World Tourism Organization (UNWTO), the Ibero-American General Secretariat (SEGIB), the Organization of Ibero-American States (OEI), and the Public Interest Oversight Board (PIOB). It also hosts major international regulators and promoters of the Spanish language: the Standing Committee of the Association of Spanish Language Academies, headquarters of

8208-750: The late 9th century, under the Emirate of Córdoba . Conquered by Christians in 1083 or 1085, it consolidated in the Late Middle Ages as a sizeable town of the Crown of Castile . The development of Madrid as administrative centre fostered after 1561, as it became the permanent seat of the court of the Hispanic Monarchy . The Madrid urban agglomeration has the fourth-largest GDP in the European Union and its influence in politics , education , entertainment , environment , media , fashion , science , culture , and

8316-563: The latter's confluence with the Fuente Castellana thalweg in the south of the city. The Monte de El Pardo (a protected forested area covering over a quarter of the municipality) reaches its top altitude (843 m (2,766 ft)) on its perimeter, in the slopes surrounding El Pardo reservoir  [ es ] located at the north-western end of the municipality, in the Fuencarral-El Pardo district. The oldest urban core

8424-528: The moderating effect of the sea. While mostly sunny, rain, sporadic snowfalls and frequent frosts can occur between December and February with cooler temperatures particularly during the night and mornings as cold winds blow into the city from surrounding mountains. Summers are hot and sunny, in the warmest month, July, average temperatures during the day range from 32 to 34 °C (90 to 93 °F) depending on location, with maxima commonly climbing over 35 °C (95 °F) and occasionally up to 40 °C during

8532-557: The municipality (including the Dehesa de la Villa, the Dehesa de Arganzuela or Viveros). El Retiro is the most visited location of the city. Having an area bigger than 1.4 km (0.5 sq mi) (350 acres), it is the largest park within the Almendra Central , the inner part of the city enclosed by the M-30. Created during the reign of Philip IV (17th century), it was handed over to

8640-681: The municipality in 1868, after the Glorious Revolution. It lies next to the Royal Botanical Garden of Madrid . Located northwest of the city centre, the Parque del Oeste ("Park of the West") comprises part of the area of the former royal possession of the "Real Florida", and it features a slope as the height decreases down to the Manzanares. Its southern extension includes the Temple of Debod ,

8748-557: The municipality. A holm oak forest covering a surface over 16,000 hectares, it is considered the best preserved mediterranean forest in the Community of Madrid and one of the best preserved in Europe. Already mentioned in the Alfonso XI 's Libro de la montería  [ es ] from the mid-14th century, its condition as hunting location linked to the Spanish monarchy help to preserve

8856-464: The northern extension of the Paseo de la Castellana , one of Madrid's major thoroughfares. The tertiary sector, including banking, insurance and telephone services, grew greatly. Illiteracy rates were down to below 20%, and the city's cultural life grew notably during the so-called Silver Age of Spanish Culture; the sales of newspapers also increased. Conversely, the proclamation of the Republic created

8964-678: The only noticeable bourgeois elements in Madrid (that experienced a delay in its industrial development up to that point) were merchants. The University of Alcalá de Henares was relocated to Madrid in 1836, becoming the Central University . The economy of the city further modernized during the second half of the 19th century, consolidating its status as a service and financial centre. New industries were mostly focused in book publishing, construction and low-tech sectors. The introduction of railway transport greatly helped Madrid's economic prowess, and led to changes in consumption patterns (such as

9072-545: The other (such as between OECD and non-OECD pairings). Additionally, the OECD has published and updated the Transfer Pricing Guidelines since 1995. The Transfer Pricing Guidelines serve as a template for the profit allocation of inter-company transactions to countries. The latest version, of July 2017, incorporates the approved Actions developed under the Base Erosion and Profit Shifting (BEPS) project initiated by

9180-423: The primary right to tax to the country from which capital investment originates (i.e., the home, or resident country) rather than the country in which the investment is made (the host, or source country). As a result, it is most effective between two countries with reciprocal investment flows (such as among the OECD member countries), but can be unbalanced when one of the signatory countries is economically weaker than

9288-498: The reign of Alfonso VII . The 1123 Charter of Otorgamiento established the first explicit limits between Madrid and Segovia, namely the Puerto de El Berrueco and the Puerto de Lozoya. Beginning in 1188, Madrid had the right to be a city with representation in the courts of Castile. In 1202, Alfonso VIII gave Madrid its first charter to regulate the municipal council, which was expanded in 1222 by Ferdinand III . The government system of

9396-437: The rest of the country, a heroin crisis took a toll in the poor neighborhoods of Madrid in the 1980s. Benefiting from increasing prosperity in the 1980s and 1990s, the capital city of Spain consolidated its position as an important economic, cultural, industrial, educational, and technological centre on the European continent. During the mandate as Mayor of José María Álvarez del Manzano construction of traffic tunnels below

9504-419: The right bank of the Manzanares. Madrid has the second highest number of aligned trees in the world, with 248,000 units, only exceeded by Tokyo. Madrid's citizens have access to a green area within a 15-minute walk. Since 1997, green areas have increased by 16%. At present, 8.2% of Madrid's grounds are green areas, meaning that there are 16 m (172 sq ft) of green area per inhabitant, far exceeding

9612-514: The same time, the organization was renamed to IOSCO to reflect the expanded membership beyond North and South America. Securities regulators from France , Indonesia , South Korea , and the United Kingdom were the first agencies to join from outside the Americas. The IOSCO July 1986 Paris Annual Conference was the first to take place outside of the American continents and on that occasion a decision

9720-543: The scene of an all-out battle. The city fell to the Francoists in March 1939. A staple of post-war Madrid ( Madrid de la posguerra ) was the widespread use of ration coupons . Meat and fish consumption was scarce, resulting in high mortality due to malnutrition. Due to Madrid's history as a left-wing stronghold, the right-wing victors considered moving the capital elsewhere (most notably to Seville ), but such plans were never implemented. The Franco regime instead emphasized

9828-492: The spillover of the 2008 financial and mortgage crisis , Madrid has been affected by the increasing number of second-hand homes held by banks and house evictions . The mandate of left-wing Mayor Manuela Carmena (2015–2019) delivered the renaturalization of the course of the Manzanares across the city. Since the late 2010s, the challenges the city faces include the increasingly unaffordable rental prices (often in parallel with

9936-423: The substitution of salted fish for fresh fish from the Spanish coasts) as well as further strengthening the city's role as a logistics node in the country's distribution network. Electric lighting in the streets was introduced in the 1890s. During the first third of the 20th century the population nearly doubled, reaching more than 850,000 inhabitants. New suburbs such as Las Ventas, Tetuán and El Carmen became

10044-604: The summer season in relation to its surroundings, which feature thinly vegetated dry land. In the 17th century, the viajes de agua (a kind of water channel or qanat ) were used to provide water to the city. Some of the most important ones were the Viaje de Amaniel  [ es ] (1610–1621, sponsored by the Crown), the Viaje de Fuente Castellana  [ es ] (1613–1620) and Abroñigal Alto  [ es ] / Abroñigal Bajo  [ es ] (1617–1630), sponsored by

10152-414: The supply, depurating waste water and the conservation of all the natural water resources of the Madrid region. The population of Madrid has overall increased since the city became the capital of Spain in the mid-sixteenth century, and has stabilised at approximately 3,000,000 since the 1970s. From 1970 until the mid-1990s, the population dropped. This phenomenon, which also affected other European cities,

10260-570: The toponym), namely: Nicknames for Madrid include the plural Los Madriles and La Villa y Corte ( lit.   ' the town and court ' ). The site of modern-day Madrid has been occupied since prehistoric times, and there are archaeological remains of the Celtic Carpetani settlement, Roman villas , a Visigoth basilica near the church of Santa María de la Almudena and three Visigoth necropolises near Casa de Campo, Tetuán and Vicálvaro. The first historical document about

10368-535: The town was changed to a regimiento of 12 regidores by Alfonso XI on 6 January 1346. Starting in the mid-13th century and up to the late 14th century, the concejo of Madrid vied for the control of the Real de Manzanares territory against the concejo of Segovia , a powerful town north of the Sierra de Guadarrama mountain range, characterised by its repopulating prowess and its husbandry-based economy, contrasted with

10476-429: The wider Tagus River catchment area. With an average altitude of 650 m (2,130 ft), Madrid is the second highest capital of Europe (after Andorra la Vella ). The difference in altitude within the city proper ranges from the 700 m (2,297 ft) around Plaza de Castilla in the north of city to the 570 m (1,870 ft) around La China wastewater treatment plant on the Manzanares' riverbanks, near

10584-481: Was accomplished, to a serious international organization with a real impact on the securities regulation. At the 1999 conference in Lisbon , it was decided to have a permanent headquarters for the administrative General Secretariat and that it should be based in Madrid. In 2002 IOSCO adopted a multilateral memorandum of understanding (IOSCO MMoU) designed to facilitate crossborder enforcement and exchange of information among

10692-592: Was becoming more and more tense. On 2 May, a crowd began to gather near the Royal Palace protesting against the French attempt to evict the remaining members of the Bourbon royal family to Bayonne , prompting up an uprising against the French Imperial troops that lasted hours and spread throughout the city, including a famous last stand at the Monteleón barracks. Subsequent repression was brutal, with many insurgent Spaniards being summarily executed . The uprising led to

10800-473: Was caused in part by the growth of satellite suburbs at the expense of the downtown region within the city proper. Organisation for Economic Co-operation and Development The Organisation for Economic Co-operation and Development ( OECD ; French : Organisation de coopération et de développement économiques, OCDE ) is an intergovernmental organization with 38 member countries, founded in 1961 to stimulate economic progress and world trade . It

10908-720: Was given to OECD by the Association of Learned and Professional Society Publishers (ALPSP) and Cambridge University Press . The award recognized the development of the SDG Pathfinder, an open-access digital discovery tool for finding content and data relating to the Sustainable Development Goals (SDGs). The OECD's structure consists of three main elements: Delegates from the member countries attend committee and other meetings. Former Deputy Secretary-General Pierre Vinde  [ sv ] estimated in 1997 that

11016-509: Was however rampant. The century also was a time of heyday for theatre, represented in the so-called corrales de comedias . The city changed hands several times during the War of the Spanish Succession : from the Bourbon control it passed to the allied "Austracist" army with Portuguese and English presence that entered the city in late June 1706  [ es ] , only to be retaken by

11124-454: Was introduced in Q2 2013. The OECD Observer was last issued in the fourth quarter of 2019, with a double edition looking ahead at artificial intelligence, and a cover leading on why statistical offices should hire a comedian. The OECD Observer website closed in the first quarter of 2021; the archive can be consulted at www.oecd.org. The OECD's multilateral surveillance was systematically reviewed for

11232-471: Was launched in 1962. The magazine appeared six times a year until 2010, and became quarterly in 2011 with the introduction of the OECD Yearbook , launched for the 50th anniversary of the organisation. The online and mobile editions contained news, analysis, reviews, commentaries and data on global economic, social and environmental challenges and listings of the latest OECD books. An OECD Observer Crossword

11340-667: Was made to create a permanent General Secretariat for the Organization. One remnant of its early inter-American roots is that IOSCO's "official" languages are English, French , Spanish , and Portuguese . In 1998 IOSCO started work on a number of important policies that led to broader set of guidelines. However it was the September 11, 2001 attacks as well as a series of large global financial scandals that started with Enron and including Worldcom , Parmalat , and Vivendi that brought urgency to this work and heralded IOSCO's evolution from an international "talk shop", where little of substance

11448-542: Was on 16 January 1945 with −10.1 °C (13.8 °F) in Madrid. While at the airport, in the eastern side of the city, the highest recorded temperature was on 24 July 1995, at 42.2 °C (108.0 °F), and the lowest recorded temperature was on 16 January 1945 at −15.3 °C (4.5 °F). From 7 to 9 January 2021 , Madrid received the most snow in its recorded history since 1904; Spain's meteorological agency AEMET reported between 50 and 60 cm (20 and 24 in) of accumulated snow in its weather stations within

11556-735: Was promoted by the Biden Administration in the United States and the OECD. Secretary-General Mathias Cormann of the OECD said, "This historic package will ensure that large multinational companies pay their fair share of tax everywhere." The OECD Guidelines for Multinational Enterprises are a set of legally non-binding guidelines attached as an annex to the OECD Declaration on International Investment and Multinational Enterprises. They are recommendations providing principles and standards for responsible business conduct for multinational corporations operating in or from countries adhering to

11664-430: Was the scene of some of the most important events of the time, such as the mass demonstrations of support for democracy after the failed coup, 23-F , on 23 February 1981. The first democratic mayors belonged to the centre-left PSOE ( Enrique Tierno Galván , Juan Barranco Gallardo ). Since the late 1970s and through the 1980s Madrid became the center of the cultural movement known as la Movida . Conversely, just like in

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