Costa Rica News – Sometimes the “manana” mentality does have its consequences.
There is a delay in the approval of six bills in Costa Rica that is slowing the country’s access to the Organization for Economic Cooperation and Development (OECD). The OECD wants the procedures done well, so they don’t ask for them to be expedited. It has been said that this subject is “too important to be urgent.”
The organization is waiting for Costa Rica to endorse laws on tax reform, investment and bribery. Bills are in the areas of fiscal deficit, regulation of the national financial system, statistics and competition promotion, among others.
Most of these are already in the legislative current, with the exception of those referring to strengthening the regulation of the financial system, as this will wait for the new Legislative Assembly to begin functions.
To join the OECD, 22 public policy committees made up of specialists from member countries evaluate the country and all must approve the country before it can become a member. Costa Rica so far has the approval of 12 of the 22.
