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The OECD has never been closer to the LAC region than it is today:Chile, Costa Rica, Colombia and Mexico are OECD member countries, and on 25 January 2022 the OECD Council decided to open accession discussions with Argentina, Brazil and Peru.

This decision follows careful deliberation by OECD Members on the basis of its evidence-based Framework for Consideration of Prospective Members and the progress made by Argentina, Brazil and Peru since their first respective requests for OECD membership. Individual roadmaps for the detailed assessment process will now be prepared, provided that Argentina, Brazil and Peru confirm their adherence to the values, vision and priorities reflected in the OECD’s 60th Anniversary Vision Statement and the Ministerial Council Statement adopted last year.

All of these countries, as well as the Dominican Republic, Ecuador, El Salvador, Guatemala, Panama, Paraguay and Uruguay, are members of the OECD Development Centre and LAC Regional Programme Steering Group (in addition to Honduras).

The recent experiences of Colombia and Costa Rica demonstrate that OECD accession process is a transformational process. Argentina, Brazil and Peru have been invited to start conversations on accession.

• Learn more about the process for accession to the OECD

The OECD provides tailored policy support through Economic Surveys, assessments, multi-dimensional country reviews and a wide arrange of Country Policy Reviews. Countries exchange practices through participation in OECD Bodies, Global Forums, and International Surveys and adopt international shared good practices by adhering to OECD Legal Instruments.

The OECD Latin America and the Caribbean Regional Programme focuses on four key areas of the region's reform agenda: productivity, social inclusion, governance and environmental sustainability.

• Learn more about the Programme