Admission to the group demonstrates international confidence in Costa Rica’s economic management, even as the government struggles with the prolonged negative impacts of the COVID-19 pandemic. OECD accession should provide an economic boost for Costa Rica, alongside domestic stimulus measures.
- The benefits of OECD membership will be felt well beyond the immediate post-pandemic period.
- OECD accession will help encourage more foreign investment into Costa Rica, potentially giving it advantages over neighbouring Panama.
- Costa Rican economic recovery may spur more migration from Nicaragua, especially if repression there worsens as November’s elections near.