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Costa Rica


  • 10-December-2020

    English, PDF, 3,285kb

    Towards a new vision of Costa Rica's public procurement system

    Towards a new vision of Costa Rica's public procurement system

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  • 4-December-2020

    English, PDF, 2,913kb

    Costa Rica: Review of the Financial System

    This review of Costa Rica by the OECD Committee on Financial Markets examines Costa Rica's position with respect to core principles related to financial systems.

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  • 15-October-2020

    Spanish

    OECD Accession Review of Costa Rica in the Field of Chemicals: Launch Event video

    On the request from Costa Rica and to allow wider dissemination, the OECD Joint Meeting of the Chemicals Committee and the Working Party on Chemicals, Pesticides and Biotechnology agreed to declassify the Summary Report based on the OECD Secretariat evaluation that was part of Costa Rica’s OECD accession review in the field of chemicals. Watch the Launch Event video

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  • 15-October-2020

    Spanish

    OECD Accession Review of Costa Rica in the Field of Chemicals. Summary report (in Spanish)

    The Government of Costa Rica prepared an unofficial translation of the document and launched it on 14 October 2020. The quality of the translation, its technical content and coherence with the official English version of the document is a unique and exclusive responsibility of the Government of Costa Rica.

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  • 15-October-2020

    English

    OECD Accession Review of Costa Rica in the Field of Chemicals: Summary report (in English)

    On the request from Costa Rica and to allow wider dissemination, the OECD Joint Meeting of the Chemicals Committee and the Working Party on Chemicals, Pesticides and Biotechnology agreed to declassify the Summary Report based on the OECD Secretariat evaluation that was part of Costa Rica’s OECD accession review in the field of chemicals.

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  • 9-October-2020

    English

    International Summer School for community and local development in Latin America and the Caribbean

    The School organises specialised courses on socio-economic development and creates an international platform to exchange experiences and knowledge between public officers and practitioners from Latin America and the Caribbean that deals with cooperation and local development issues.

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  • 8-October-2020

    English

    Boosting access to credit and ensuring financial inclusion for all in Costa Rica

    Having access to credit is essential for households to address the volatility of their personal finances over time and for firms to fund their investments. Accessing financial services at affordable cost on the other hand, is crucial to ensure financial security of all economic units. Despite recent improvements, there are still large financial inclusion disparities in Costa Rica, notably across regions, by gender, and size of firms. This paper discusses policy reforms that would reduce these disparities. Some of the key policy priorities are to improve transparency by strengthening the credit registry and allocating the development banking credit more effectively. Enhancing financial literacy could help avoid excessive consumer indebtedness. Technological innovation would also help Costa Rica: granting FinTech start-ups direct and full access to the state-of-the-art electronic payments system would increase competition, reduce transactions costs and ensure financial inclusion for all.

  • 7-October-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.
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  • 28-September-2020

    English

    Using Google data to understand governments’ approval in Latin America

    This paper studies the potential drivers of governments’ approval rates in 18 Latin American countries using Internet search query data from Google Trends and traditional data sources. It employs monthly panel data between January 2006 and December 2015. The analysis tests several specifications including traditional explanatory variables of governments’ approval rates – i.e. inflation, unemployment rate, GDP growth, output gap – and subjective explanatory variables – e.g. perception of corruption and insecurity. For the latter, it uses Internet search query data to proxy citizens’ main social concerns, which are expected to drive governments’ approval rates. The results show that the perception of corruption and insecurity, and complaints about public services have a statistically significant association with governments’ approval rates. This paper also discusses the potential of Internet search query data as a tool for policy makers to understand better citizens’ perceptions, since it provides highly anonymous and high-frequency series in real-time.

  • 22-September-2020

    English

    Albania, Bosnia and Herzegovina and Costa Rica deposit their instruments of ratification and France extends the application for the Multilateral BEPS Convention

    Albania, Bosnia and Herzegovina and Costa Rica have become the latest countries to deposit their instruments of ratification for the BEPS Multilateral Instrument, which now covers almost 1700 bilateral tax treaties.

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