What are Entrepreneurs Asking for in Order to Face the Crisis?

Policies focused on credit restructuring, fiscal incentives for the production of essential goods and improving the efficiency of import and export processes are part of the proposals of the Nicaraguan private sector to face the economic and health crisis.

Thursday, June 11, 2020

"In recent weeks, the Superior Council of Private Enterprise (Cosep) has been proposing a series of measures to the authorities in response to the unstoppable advance of the pandemic caused by the outbreak of covid-19 and the alarming situation of the health system," the union explained in a statement.

Check out the "System for monitoring markets and the economic situation in Central American countries", prepared by CentralAmericaData.

Cosep details that they are "... very concerned that while the vast majority of governments in the world have reacted consistently according to their capabilities, in our country we have lacked a timely and effective response and it is the citizens who have developed multiple initiatives to protect us, given the obvious multiplication of infections and deaths."

From Cosep's statement:

June 11th, 2020. Our proposal for public policies to protect the lives of Nicaraguans and to avoid deeper, prolonged and irreversible social impacts that would plunge us into even greater poverty and social inequality. This proposal includes measures in the following areas:

I. Public health measures.

1. Implement the measures that WHO/PAHO is recommending to address the pandemic. These include promoting mass prevention and mitigation campaigns that include a call to stay home while you can, closing schools and universities, banning all types of mass events, and adopting safety protocols for public transportation. Ensure adequate protective equipment for health personnel and strengthen the system's capacities with essential equipment, medicines and medical supplies.

2. Free up the importation of tests for use in the private health system; carry out the quality and quantity of tests required to monitor the pandemic; track outbreaks and chains of infection. As well as providing truthful and transparent information to citizens and international public health organizations to make timely decisions.

Read full article (in Spanish).

More on this topic

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The Cabinet Council endorsed the updated National-Provincial Reopening Plan, which is based on biosafety indicators and the effective reproduction rate of covid-19 cases, and contemplates starting to reopen productive activities as of September 7.

Following the implementation of this plan, the construction industry and related activities (engineers, architects, project managers, contractors, moving and hauling services), the Panama Pacifico Special Economic Area, the Colon Free Zone and free zones, private marinas and sport fishing, as well as tailors and dressmakers, shoe shops and car wash will reopen in the country on September 7.

Essential Structural Changes

May 2020

Costa Rican businessmen propose that given the economic crisis and the new normality that the country will face, the government should promote key strategies such as the sale of state assets, the transformation of public employment and the elimination of privileges in terms of pensions and salaries.

The Union of Chambers and Associations of the Private Business Sector (UCCAEP) presented to President Carlos Alvarado a document called "Pandemic Shock and Economic and Social Policies to Mitigate its Effects", which seeks to provide a way out of the health and economic crisis resulting from the outbreak of covid-19.

Panama: Road to Economic Recovery

May 2020

Allowing the operation of economic sectors with low density and lower risk of transmission of covid-19, with the respective biosecurity measures, is the request of the Panamanian business sector to begin to revive the economy.

In this scenario of health emergency and spread of covid-19, businessmen have already held talks with both the Ministry of Health (MINSA) and the Ministry of Commerce and Industries (MICI) on the gradual opening of activities that lead to the resumption of work in sectors that commit to do so through strict compliance with general and specific protocols approved by the authorities, explains a publication by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP).

Covid-19: More Tests to Revive the Economy

April 2020

Guatemalan businessmen believe that in order to reactivate economic activity in the country, it is necessary to restrict the number of people in public spaces and increase the number of tests performed on those who have signs of carrying the virus.

Because of the outbreak of the disease in Guatemala, which as of April 14 counted 180 cases, the government has decided to maintain measures restricting freedom of movement until April 19, including the transit and movement of people, crew, passengers and vehicles, in addition to the closure of most commercial establishments.

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