Rapid Urbanization in Central America

High rates of urbanization in the region, though with differences between the various countries in it, present great opportunities for economic development, generating business options.

Friday, June 10, 2016

From a report by the World Bank:

ABSTRACT

Central America is undergoing an important transition, with urban populations increasing at accelerated speeds, bringing pressing challenges as well as opportunities to boost sustained, inclusive and resilient growth. Today, 59 percent of Central America's population lives in urban areas, but it is expected that within the next generation 7 out of 10 people will live in cities, equivalent to adding 700,000 new urban residents every year. At current rates of urbanization, the region’s urban population will double in size by 2050, welcoming over 25 million new urban dwellers, calling for better infrastructure, higher coverage and quality of urban services and greater employment opportunities. As larger numbers of people concentrate in urban areas, Central American governments at the national and local levels face both opportunities and challenges to ensure the prosperity of their country's present and future generations.

See complete report "Central America urbanization review – making cities work for Central America ".

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Panama: $145 million for Urban Development

November 2017

With an investment of $145 million over a period of 10 years, the Mayor's Office of Panama is proposing to reorder the area of San Francisco, in Panama City.

The Mayor's Office intends to reorganize a town that in recent years has registered a strong increase, both in the development of residential and commercial projects. The proposal by the Mayor's Office, which is under public consultation until December 1, includes an investment of $145 million in urban development, mobility and infrastructure, over the next ten years.

Guatemala: Development in Rural Areas

October 2016

A proposal has been made to create "intermediate cities" in nine areas of the country, in order to bring remote rural areas closer to urban areas where productive development has historically been focused.

From a statement issued by Fundesa:

The proposal to be presented this year in ENADE 2016 has 3 components and is called Strategy 911: Promoting 9 territories identified as Intermediate Cities, promoting the development of 11 production clusters with an impact on job creation and addressing the 11 bottlenecks preventing growth of these sectors. All of this comes under the initiative "Let's Improve Guate" which seeks to reduce poverty through the generation of productive employment for the more than 150,000 young people who join the workforce every year.  

The High Cost of Not Planning

November 2015

The lack of a development plan for the long term greater metropolitan area of ​​Costa Rica is the main factor affecting the speed with which the spaces with the best conditions for construction are being used up.

Because of the disordered and unplanned manner in which the greater metropolitan area (GAM) has been developed, we are fast running out of the best pieces of land on which to build urban developments, concludes the latest report by the State of the Union.

Housing Finance Forum

October 2012

In order to address issues related to urban development and housing finance, a meeting will take place of bankers, developers and city officials, from 3 to 5 December, in Lima, Peru.

A statement of the Guatemalan Chamber of Construction reads:

The Inter-American Housing Union (UNIAPRAVI) in conjunction with the Ministry of Housing, Construction and Sanitation of Peru the fund MIVIVIENDA SA and the Peruvian Chamber of Construction will hold in the city of Lima, Peru, from 3 to 5 December 2012 the III Inter-City Forum on Housing Finance.

ok