No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeNewsCosta RicaPresident of Costa Rica enacts adherence to the OECD

President of Costa Rica enacts adherence to the OECD

President Carlos Alvarado enacted Costa Rica’s accession agreement to the Organization for Economic Cooperation and Development (OECD) on Friday as the country is now ready to become the 38th member of the bloc.

The agreement had been approved by Congress on Monday, a necessary step, according to the laws of the Central American country, for Costa Rica to enter the France-based organization.

“Today is an important milestone in the final stretch of a country project that has enjoyed broad national consensus through three government administrations since 2012. Achieving this goal has been a country effort and being an active and purposeful member of the OECD will also require joint work, “Alvarado said.

Costa Rica still has to make the deposit of the instrument of ratification at the French embassy in San José, which will be done in the next few days. According to the government, the registration fee is 1,500 million colones (approximately $2.4 million).

In this way, Costa Rica will be the 38th member of the OECD and the fourth Latin American nation to be part of the organization, along with Mexico, Colombia and Chile.

Inclusion will allow a more efficient process to carry out reforms and promote a culture of constant improvement in public policies, according to the authorities.

In 2012 Costa Rica formally communicated to the OECD its interest in joining and in 2015 began the evaluation process.

Then it had to adjust multiple laws in 22 areas related to commerce, health, agriculture, education, science and technology and public governance.

After meeting all the requirements, Costa Rica was finally invited to join the OECD in May 2020.

Founded in 1961, the OECD is dedicated to promoting policies for economic and social well-being. Its member countries move 60% of world trade and represent 80% of global GDP.

Trending Now

Panama Farmer Receives Land Title After 60-Year Wait at Age 109

A 109-year-old Panamanian farmer has received the land title for the property where he lives and works—six decades after first requesting it from the...

Chiquita Executives Convicted in Colombia for Financing Death Squads

Colombian justice on Wednesday sentenced seven former executives of the multinational banana company Chiquita Brands to more than 11 years in prison and a...

Can Costa Rica’s Blue Zone Preserve Its Longevity Legacy?

The Nicoya Peninsula in Costa Rica is recognized worldwide as one of the five blue zones, where people live beyond the age of 90...

Costa Rica Surpasses 500 Homicides as Gang Violence Escalates

Costa Rica has officially surpassed 500 homicides so far this year, according to figures released Monday by the Judicial Investigation Agency (OIJ). As of...

Costa Rica Tops Latin America in Attracting Foreign Millionaires

Costa Rica is a country that attracts millionaires. Projections indicate that by the end of 2025, a total of 350 foreign millionaires will have...

UN Denounces Guatemala Over ‘Inhuman’ Indigenous Evictions

The United Nations Special Rapporteur on the right to adequate housing, Balakrishnan Rajagopal, called on the Guatemalan government on Friday to halt the “inhuman”...
spot_img
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica