Honduras: $45 Million for Digital Connection Projects

The IDB loan funds will be part of the investment in equipment to operate the broadband network through a public-private cofinancing model.

Monday, December 16, 2019

The program to be implemented aims to cover and use connectivity, reduce transaction costs for citizens, businesses and public agencies through the development of digital government and encourage the development of the digital economy in the country, informed the Inter-American Development Bank (IDB).

The statement dated December 12 reviews that "... The project will connect more than 700 public educational and health sites, support the updating of the regulatory framework to promote connectivity and equip a broadband network operation center through a public-private co-financing model.

In addition, it will contribute to improving the quality and efficiency of public service provision through simplification, digitization and automation of procedures. It will also improve the performance and increase the efficiency of public financial management by modernizing the State's financial management system.

In the digital economy, the master plan Comayagüela Digital City will be prepared and the Centre for Design and Technological Innovation for Entrepreneurs of the National Autonomous University of Honduras will be equipped, a space for the development of innovation, research and technological development initiatives. In San Pedro Sula the design and construction of the Digital District will be financed, which will consolidate the centers of innovation and digital training under a model of public-private governance, concludes the document.

More on this topic

Guatemala: $70 Million for Telecommunications

March 2021

The Inter-American Development Bank approved a line of credit, whose funds will be used to finance a program that seeks to increase the country's digital connectivity levels by strengthening institutional and operational capacity.

With a $70 million investment, of which $45 million will be financed by the ordinary capital of the Inter-American Development Bank (IDB) and $25 million by the Korean Fund for the Co-financing of Infrastructure Development in Latin America and the Caribbean (KIF), the program will increase the institutional and operational capacity that will allow the development of a digital agenda and improve connectivity, through investment and improvements in the conditions for the adoption of digital infrastructure solutions, according to an official statement.

Digital Data and the Future of Business

November 2019

In a context in which the creation of digital records is increasing, investment in data analysis, technology and personnel becomes fundamental and essential to ensure the best possible performance in companies.

Advanced Analytics (AA), which can be executed from data from digital platforms, wireless sensors and millions of mobile phones, is transforming competition across multiple sectors by generating opportunities to capture value from improved decision making and comprehensive business transformation.

Digital Industry Income Increases

January 2019

During 2018, foreign sales by companies in the digital development sector in Guatemala totaled $37 million, 4% more than in 2017.

Panama, United States, El Salvador, Mexico, Dominican Republic, Japan, Canada, Germany are some of the markets where the Digital Development Sector (SOFEX) of AGEXPORT innovated in its exports of specialized services, informed the exporting guild.

The Digital Economy in Latin America

April 2013

The road to sustainable human development passes inexorably thorough the digitization of national economies.

A book published by CEPAL entitled "Digital Economy for structural change and equality," reports on the profound differences between the Latin American countries with respect to the integration of new information technologies and telecommunications.

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