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Costa Rica is a multilingual , multiethnic and multicultural country in Central America, bordered by Nicaragua to the north, Panama to the southeast, the Pacific Ocean to the west and the Caribbean Sea to the east. Costa Rica, which means "Rich Coast", constitutionally abolished its army permanently in 1949. It is the only Latin American country included in the list of the world's 22 older democracies. Costa Rica has consistently been among the top Latin American countries in the Human Development Index (HDI), ranked 69th in the world in 2011. Also was cited by the UNDP in 2010 as one of the countries that have attained much higher human development than other countries at the same income levels, and in 2011 was highlighted by UNDP for being a good performer on environmental sustainability, and better record on human development and inequality than the median of their region. Read More >>