| Published Tuesday, May 25, 2021
By the A.M. Costa Rica staff Antony John Blinken, the 71st United States Secretary of State, welcomes Costa Rica as the 38th member of the Organization for Economic Cooperation and Development, OECD.
According to Blinken, Costa Rica’s membership follows an extensive multiyear effort to align its economic policies with OECD recommendations and which is a strong signal of confidence in the Costa Rican economy.
"I commend Costa Rica for the rigor in tackling the various requirements for accession. Costa Rica has made great strides in curbing its fiscal deficit in this challenging COVID-19 context," said the Secretary of State. "I applaud its agreement with the International Monetary Fund and hope to see a national consensus to make the necessary reforms to fully implement the accord."
The Secretary also recognized Manuel Tovar, Costa Rica’s Permanent Representative to the OECD, for his dedication and commitment as Costa Rica completed its accession process.
"Costa Rica’s accession comes at a timely moment in OECD history, as the organization celebrates its 60th anniversary and transitions to leadership under a new Secretary General," added Blinken. "As Chair of this year’s 60th anniversary Ministerial Council Meeting, I look forward to our increased partnership as OECD members focus on supporting a global economic recovery that builds back better and champions our shared values."
Costa Rica is the fourth Latin American country to be part of the organization, joining Chile, Colombia, and Mexico. Other countries such as Canada, the United States and the United Kingdom are among the 37 member countries of the OECD.
Being part of that organization will help the country in constant improvement in public policies and strengthen national efforts to guarantee transparency and efficiency, the Ministry of Exports said.
According to the congress, a process of more than 11 years was required, and the approval of 14 new laws and modifications in public institutions to achieve the process of being added to the organization.
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What other international organizations should Costa Rica join? We would like to know your thoughts on this story. Send your comments to news@amcostarica.com
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