Mexico's former Finance Minister Angel Gurria, has been formally appointed chief of the Organization for Economic Cooperation and Development (OECD), the OECD said in a statement.

Gurria, 55, is to replace Canadian Donald Johnston as the research institution's secretary general on June 1, 2006.

Mexico is the only Latin American member of the OECD which consists of 30 member states.

Source: Xinhua