The OECD and Costa Rica: A mutually beneficial relationship
Costa Rica is currently in the accession process with the OECD. On 15 May 2020, Costa Rica was officially invited to become a member.
In this context, Costa Rica participates in the substantive work of many of the OECD’s specialised Committees. Costa Rica prepared an Action Plan which states its commitment to adhere to OECD instruments, participate in OECD Committees and conduct selected policy reviews.
To co-ordinate the relationship, the OECD’s Global Relations Secretariat develops and oversees the strategic orientation of this relationship and ensures that the dialogue remains focused and forward-looking.
This results in a mutually beneficial relationship. The review and evaluation procedure allows for the sharing of OECD standards and good practices with Costa Rican authorities, and the identification of areas for future reforms. Costa Rica values the opportunity to discuss major policy issues and challenges in a multilateral context and to learn from the experiences of OECD countries facing similar challenges in many areas. In turn, this dialogue enriches the OECD’s knowledge and policy advice, and benefits OECD members and non-OECD economies by enabling them to acquire a better understanding of Costa Rica.