First Deputy Foreign Minister Andrei Denisov is expected to head the Russian delegation.
Many analysts believe that Russia, which first applied for membership of the 30-member organization in 1996, has a good chance of being admitted to a club of nations which together account for some 60% of global GDP.
Established in 1948 to coordinate post-war European reconstruction aid under the Marshall Plan, the organization has evolved into a mechanism for maintaining the financial stability of its member states and promoting international trade.
The group also functions as an informal meeting place where high-ranking officials can discuss in non-binding terms a variety of economic and development issues.
Russia's involvement with the organization formally dates back to 1990, when an OECD Development Center was established to coordinate relations with transition economies. In 1994, a cooperation agreement was signed between the OECD and the Russian Federation, formalizing those relations.
In the wake of that agreement, the principal planning and cooperation mechanism has been an annual plan of action aimed at macroeconomic stabilization, economic restructuring and the development of institutional and legal norms to propel market economies.
Other topics to be discussed at the coming meeting will include globalization, problems of economic growth, and the future of the global economic system.
