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“Costa Rica aims to become the Korea of South America”

QCOSTARICA - The president of Costa Rica had good reasons for saying the country must aspire to be known as the “Korea of South America" said Rodolfo Solano, minister of foreign affairs and worship, speaking at the Costa Rican Embassy in Seoul during his...

For every ¢100 that is collected in taxes, Costa Rica spends ¢ 50 to pay public employees

QCOSTARICA - 50% of the tax revenue collected by the Ministry of Finance is used to pay the salaries of public employees, according to the Organization for Economic Cooperation and Development (OECD). Costa Rica is the country that invests the most money in percentage terms...

How bribes from foreign companies work in Mexico

Q24N (EL UNIVERSAL) - The Mexican Institute for Competitiveness (IMCO) mentions that corruption is a phenomenon that does not respect borders. Since 1999, Mexico has acquired international commitments focused on investigating and sanctioning international bribery. However, it has not imposed a single penalty for...

OECD: Costa Rica is an “expensive country” due to lack of competition

(QCOSTARICA) Weak competition in several markets tends to translate into relatively high prices of goods for consumers, as well as supplies for companies, points out the Organization for Economic Cooperation and Development (OECD), in its Economic Study on Costa Rica, published this Wednesday, July...

Costa Rica would have the least economic impact of Latin American countries: OECD

(QCOSTARICA) The economic fall in Costa Rica, although it will be high, would not reach the levels of the rest of the region, according to the OECD - Organization for Economic Co-operation and Development. The OECD agrees with the World Bank that this will be...

“We are the first Central American country to join the OECD! “, Announces Carlos Alvarado

(QCOSTARICA) The 37 Organisation for Economic Co-operation and Development (OECD) countries approved the entry of Costa Rica, confirmed this morning President Carlos Alvarado. "The OECD Secretary General, José Ángel Gurría, gave me great news: Costa Rica has been invited to be member 38. The 4th...

Costa Rica has improved its foreign bribery legislation

(OCED) Costa Rica recently strengthened its anti-bribery laws by introducing corporate criminal liability. Despite this achievement, loopholes in the definition of the foreign bribery offence and its enforcement raise significant concerns, according to a new report by the OECD Working Group on Bribery. The 44-country...

Costa Rica remains in a relatively average position in the PISA report

Although in the last ten years the average expenditure per primary and secondary student increased by about 15% in OECD countries, most of their states do not report significant progress in education. According to a ranking by the Programme for International Student Assessment (PISA), in...

Consensus coming closer on taxing digital economy

(BNamericas) Nearly 130 countries have agreed on a global roadmap proposed by the Organisation for Economic Co-operation and Development (OECD), which could lead to an international consensus to level out the taxation of internet giants by the end of 2020. The 129 members of OECD’s...

Costa Rica Second in Latin America In School Bullying

Costa Rica is second in Latin America in school bullying with almost 11% of children claimed to have been victim of according to the PISA report conducted in 2015 by this body. The data was revealed by the Organization for Economic Cooperation and Development...

Colombia invited to join OECD; third Latin American member with Mexico and Chile

The Organization for Economic Cooperation and Development (OECD) announced on Friday that Colombia would be officially invited to join the group. The Paris-based economic organization was founded in 1961 and has traditionally included industrialized nations, though in recent years it has extended its membership...

OECD: Lack Of Competition Is Why Costa Rica Is So Expensive!

Costa Rica stands out as a country where a good portion of its markets have little competition, which affects the poorest, says OECD Economic Survey of Costa Rica published presented Tuesday in San José by the Paris-based Organisation for Economic Co-operation and Development (OECD)...

New Report Shows That Costa Rica Is Raising the Bar for Sustainability Reporting Ambitions

Today, the World Business Council for Sustainable Development (WBCSD) and the Climate Disclosure Standards Board (CDSB) in collaboration with the Business Association for Development (AED), released a case study on the sustainability reporting in Costa Rica. The report was compiled using data from The Reporting Exchange, the global resource for corporate sustainability reporting. The research showed that there is...

Tax Incentives Could Lure Migrants Back Home, Says OECD

Q COSTA RICA - Migrants could be tempted to return home if exempted from paying taxes on their savings and given opportunities to build on their foreign experience, an intergovernmental think-tank said in a major report on Friday (February 17, 2017). The Organization for Economic...

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