Costa Rica Joins “Rich Countries Club” While Brazil Continues to Wait

Costa Rica becomes the third Latin American country to be accepted by the OECD, which includes the world's largest economies; Chile and Mexico are already members.

RIO DE JANEIRO, BRAZIL - On Friday, May 15th, Costa Rica achieved one of Brazil's long-standing goals. After passing a tax reform that simplified tax collection, and implementing measures to improve its business environment, Costa Rica was formally invited to become the 38th member country of the Organization for Economic Cooperation and Development (OECD).

The formal accession agreement is expected to be signed in the near future.

"We are delighted to welcome Costa Rica at a time when multilateralism has become more important than ever," said Angel Gurría, Secretary-General of the OECD, on Friday. "The best way . . .

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