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Costa Rica


  • 10-September-2020

    English

    Corporate Governance in Costa Rica

    This review of Corporate Governance in Costa Rica was prepared as part of Costa Rica’s accession process for OECD membership. During the three-year period of the review, the government made substantial progress in strengthening its institutional and legal framework in line with the G20/OECD Principles of Corporate Governance and OECD Guidelines on Corporate Governance of State-Owned Enterprises (SOEs). The report evaluates Costa Rica’s corporate governance policies and practices for both listed and state-owned companies. It finds that while Costa Rica’s capital market is quite small, its framework for corporate governance of listed companies is largely consistent with the Principles. Costa Rica has seen particular progress in issuing a new corporate governance code and requirements related to ownership disclosure. For SOEs, which play a key role in the Costa Rican economy, the Presidency has taken important steps to establish a co-ordinating unit which has spearheaded numerous reforms. These reforms include issuing a government ownership policy, more transparent and structured appointments of SOE board members (while removing politicians from boards), and reporting on SOEs’ performance. To further strengthen SOE performance and accountability, the report recommends additional steps to improve board practices, clarify performance objectives and implement International Financial Reporting Standards.

  • 29-July-2020

    English

    Costa Rica - Competition Law and Policy

    This page contains information on the work of the OECD and Costa Rica in the area of Competition Law and Policy.

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  • 29-July-2020

    English, PDF, 2,151kb

    Costa Rica: Assessment of competition law and policy 2020

    This report analyses Costa Rica's competition law and policy in view of its accession to the OECD.

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  • 20-July-2020

    English

    SIGI 2020 Regional Report for Latin America and the Caribbean

    Gender equality and women’s empowerment can only be achieved if countries take action to tackle and eliminate discrimination in their legal frameworks, social norms and practices. The SIGI 2020 Regional Report for Latin America and the Caribbean provides new evidence-based analysis on the setbacks and progress in achieving gender equality between 2014 and 2019. The report uncovers discrimination in social institutions faced by Latin American and Caribbean women in various dimensions; within the family and household context, in relation to physical integrity and access to productive and financial resources, as well within the political and civil spheres. It also explores various development perspectives such as the cost of discriminatory social institutions for Latin American and Caribbean countries and the socio-economic consequences of the COVID-19 pandemic for women and girls. Building on the regional and sub-regional analysis of how discriminatory social institutions continue to hinder efforts toward SDG 5, the report provides a set of policy recommendations to reshape gender norms, promote women’s empowerment and build a truly inclusive society.

  • 15-July-2020

    Spanish

    Costa Rica: La OCDE considera crucial estabilizarlas cuentas públicas una vez que se afiance la recuperación tras la crisis del covid-19

    Costa Rica hace lo correcto al centrar sus esfuerzos en combatir la crisis sanitaria, social y económica causada por la pandemia de Covid-19 con oportunas medidas de confinamiento y ayudas económicas innovadoras y bien dirigidas a los más afectados por la crisis.

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  • 15-July-2020

    English

    OECD Economic Surveys: Costa Rica 2020

    Costa Rica’s social and economic progress has been remarkable. Over the last 30 years, growth has been steady and GDP per capita has tripled. A strong commitment towards trade openness has been key to attract foreign direct investment and move Costa Rica up in the global value chain. Costa Rica faces substantial challenges to retain achieved successes and to continue converging towards higher living standards. The fiscal situation remains a critical vulnerability. Large deficits and rapidly rising public debt threaten Costa Rica’s achievements. The fiscal reform approved in December 2018 was a historic step to restore fiscal sustainability. Boosting growth is also a key priority, as the gap in GDP per capita with advanced economies remains large and unemployment is high. Inequality and informality remain also high. The COVID-19 pandemic has significantly impacted Costa Rica, with the global economic slowdown and the necessary containment measures hampering growth prospects and fiscal accounts. Responding successfully to these substantial challenges will hinge on buttressing the fiscal framework and implementing reforms to foster inclusive growth. Further advances on living standards will hinge on raising productivity by setting the right conditions for domestic companies to thrive and maintaining and reinforcing the commitment to foreign direct investment and trade. Maintaining the commitment to preserving natural resources and biodiversity and with the decarbonisation plan will pay off in terms of growth and jobs. SPECIAL FEATURES: REGULATIONS; FINANCIAL INCLUSION
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  • 15-July-2020

    English

    Virtual Launch of the 2020 Economic Survey of Costa Rica

    In this challenging context, I would like to first congratulate the Costa Rican authorities for the innovative measures adopted to respond to the pandemic and to protect the most vulnerable. For instance, Bono Proteger, a cash transfer programme aimed to support informal, self-employed workers, as well as those who have lost their jobs, has proved a key measure to support those most in need.

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  • 15-July-2020

    English

    Costa Rica: critical to stabilise public finances once recovery from Covid-19 crisis is consolidated, says OECD

    Costa Rica is rightly focusing its efforts on combating the health, social and economic crisis caused by the Covid-19 pandemic with timely confinement measures as well as well-targeted and innovative economic support.

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  • 15-July-2020

    English

    Mr. Angel Gurría, Secretary-General of the OECD, presenting the OECD 2020 Economic Survey of Costa Rica, Wednesday 15 July 2020

    Mr. Angel Gurría, Secretary-General of the OECD, presented the OECD 2020 Economic Survey of Costa, alongside Mr. Carlos Alvarado, President of Costa Rica, Wednesday 15 July 2020.

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  • 30-June-2020

    English

    Making the Most of Technology for Learning and Training in Latin America

    Digitalisation is transforming the world of work and societies, and creating opportunities to learn and develop skills in new ways, times and places. The adoption and use of digital technologies can help Latin American countries close the skills gap with more advanced economies. Making the Most of Technology for Learning and Training in Latin America demonstrates how Latin American countries can realise the potential of new technologies for skills development in schools and all stages of life. It identifies barriers to accessing ICT infrastructure and connectivity limitations in Latin America, and provides recommendations on how they can be overcome to ensure that all students and citizens can benefit from new technologies for learning. The report explores the relationship between technology use in initial education and students’ performance in Latin America, and how policies can best support teachers as digital tools enter their classrooms. Digitalisation provides new opportunities for lifelong learning and this report examines the potential of open education and MOOCs in reaching those adults who are most in need of training in Latin American countries.
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