Costa Rica is working toward financial, institutional, and legal stability, and investing heavily in education, infrastructure, and green energy to break down economic, gender, and age inequality.

While the OECD's guidelines are not mandatory, being a signatory can offer a country the status of commitment to corporate and social responsibility in the operation of a free market economy.

Some of the biggest names of the Costa Rican cabinet discuss the aspirations of the new administration.

Decades of certainty and stability has strengthened Costa Rica's reputation as an attractive country for foreign investment, allowing the country to realistically aim at becoming an OECD member by 2020.

Costa Rica has FTAs with countries that represent two-thirds of global GDP. Throwing mega infrastructure projects and bigger roles for PROCOMER into the mix is strengthening its case as a base for exporters and manufacturers.

Phenomenal talent, political and economic stability, and key geographic location are some of the reasons why companies choose Costa Rica as a hub for regional operations.

TBY talks to Victor Mora, Managing Partner of Magnalex Abogados, on Economy sector.

Banco Nacional aims to ensure greater financial inclusion by creating women entrepreneurs, introducing new digital platforms and services, and partnering with other financial institutions.

To put an end to its public debt and fiscal deficit, the government is set to issue eurobonds, although there is still no agreement about an upper limit.

The success of the insurance sector can largely be credited to SUGESE, which has put the market's focus back on the consumer by educating the market that lower consumer confidence leads to slower development.

The opening up of the sector and emergence of advanced digital platforms and payment systems has attracted insurance companies from left and right, doubling the market size in 10 years.

Cooperatives continue to provide financial education to Costa Ricans and develop key tools for various sectors, ensuring that the country continues to experience adequate economic movement.

The government has done a good job pursuing renewable opportunities, but could do even more when it comes to updating existing legislation and allowing foreign capital.

Already a leader in the fight against climate change and in the promotion of clean energy sources, Costa Rica is further strengthening its efforts toward becoming carbon neutral by 2021 and goes further by aiming for the decarbonization of its economy in the present century.