On 15 May 2020, the Organisation for Economic Co-operation and Development (OECD) announced that Costa Rica has formally been invited to become the 38th member of the OECD after the completion of the accession process. Costa Rica will be the fourth country from Latin America to join the OECD, following Chile, Mexico and Colombia.BackgroundCosta Rica started the OECD accession process in 2015. After several reforms to align legislation, policies and practices to the OECD standards, Costa Rica was formally invited to join the OECD. Costa Rica still must ratify the OECD convention and deposit it with the depository of the...