The OECD Issue Sample Clauses

The OECD Issue. At the end of 2017, the campaign accelerated, with new efforts to impede Peru’s entry into the OECD, despite the prejudice to Peru and its citizens.

The OECD Issue. 17. At the end of 2017, the campaign accelerated, with new efforts to impede Peru’s entry into the OECD, despite the prejudice to Peru and its citizens. On 17 November 2017, PABJ twitter account @PeruLandBonds142 launched with the tweet “Peruvian American Bondholders for Justice Fights for Peruvians, Americans, and pension funds.”143 Shortly thereafter, XXXX and ABDA disseminated a report arguing that Peru’s prospective OECD accession should to be put on hold. The report had been commissioned by XXXX and ABDA,144 and was sent to the OECD by them and six other signatories.145 An article that is linked on XXXX’s website explains: “[t]he plan goes something like this: bondholders intend to put pressure on the OECD, with whatever help they can get from [the U.S. government], to force the OECD to make Peru pay up or lose the opportunity to join the OECD.”146 On 6 December 2017, Peru wrote the Secretary General of ICSID requesting that the designation of the president of the Tribunal in light of the lack of resolution through consultations and the aggravation of the circumstances.147 Notably, Xxxxxxxx’s counsel linked Peru’s entry into the OECD with Xxxxxxxx’s aggravation of the dispute: Asked if Gramercy would stop aggravating the dispute, Xxxxxxxx’s representative stated that Xxxxxxxx would stop “when Peru stops seeking membership in the OECD.”