The Organisation for Economic Co-operation and Development’s regional program for Latin America and the Caribbean commemorated its fifth anniversary this year. Members of OECD from LAC are Chile, Costa Rica, Colombia, and Mexico — while Argentina, Brazil, and Peru are prospective members.
These countries are recipients of official development assistance — with Mexico receiving $525 million and Costa Rica $55.8 million in 2019, while Chile received its last ODA funding in 2017, worth $70 million — as well as aid providers for South-South and triangular cooperation, joined and co-funded by other OECD donors and multilaterals.
In 2019, disbursements of ODA in the region from public and private sources stood at $8.8 billion with close cooperation from leading regional partners such as the Caribbean Development Bank, Inter-American Development Bank, Development Bank of Latin America, the European Union, and the World Bank.