It is not a period of crisis, but a time of opportunity

The reduction in costs due to the economic crisis has increased the opportunities for investment in the tourism sector.

Monday, December 8, 2008

This is the opinion held by some of the sector's specialists at the 32nd Caribbean-Central American Action (CCAA) Conference which ended last week in Miami.

The CCAA is a private and independent organization that promotes the development of the economy geared towards the private sector in the Caribbean Basin and the entire Western Hemisphere. It meets annually in Miami to analyze the future of the region.

"One of the topics that has been discussed in the Caribbean is a common tourism effort. The region plans to set up a $600 million fund for the sector's market. And it has to do it now. They cannot continue to just talk about it," said Anton Edmunds, president and executive director of the CCAA.

More on this topic

Opportunities in times of crisis

June 2008

The decline in share prices of the main financial companies in the United States is opening new alternatives for investment, writes Agustina Cobas in the San Jose, Costa Rica daily La República.

It's said that every cloud has a silver lining, she continues. This could be applied to the situation in American stock markets, where the main players in the finance sector have seen their shares plummet.

To raise or lower sails

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Business tips to get through the crisis and even take advantage of the opportunities that arise in complicated times.

Uruguay is a country with an economy that is similar to some central american nations, boasting businessmen with considerable experience in financial and economic crisis.

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January 2009

For the fourth consecutive year, the Periodico de Guatemala (the Newspaper of Guatemala) has held its regular investment forum where five of the most important businessmen analyze the business panorama.

The article published in says that "given the global economic situation, elPeriodico convened an investment forum with five of the most prominent businessmen and women.

Managua: Third Best City in the World to Invest in

April 2013

An article in the Financial Times notes that Managua should be considered as a strategic place to invest in.

"The intelligence division of the Financial Times this week published its ranking on the American cities of the future and found that Managua in Nicaragua, one of the poorest countries in Latin America, should be considered as a strategic place in which to invest," reported

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