Because companies dedicated to the provision of services are more effective than product manufacturers and their growth is more accelerated, economies such as those of Central America could bet on the outsourcing of technology services.
In this context of sanitary and economic crisis, generated by the covid-19 outbreak, several economic sectors were affected due to the restrictions imposed, but, in contrast, companies involved in the provision of technological services reported a significant growth.
The IADB will grant the Salvadoran government a loan for $45 million, which will be used to finance the project called "Strengthening the Climate Resilience of Coffee Forests."
According to the Government, the subscription of the loan with the Inter-American Development Bank (IDB) has the objective of maintaining the ecosystemic services provided by the coffee forest and improving the food security of small producers, informed the Ministry of Finance of El Salvador.
In 2014 and 2015 a pilot plan was already carried out in Guatemala, which will be resumed for 10 weeks, a period in which tests will be carried out to mix 5% to 10% ethanol, in the different gasoline that are consumed locally.
Faced with the sudden change that the new normal generated in companies, employees are challenged to increase their skills to work remotely, adapt to more flexible contracts and refine their technological skills and cognitive qualities.
Telecommuting has become an everyday occurrence among companies in the region, which have had to adjust to the restrictions imposed by governments due to the outbreak of covid-19.
The IDB approved a $9.2 million credit for the government to implement a forest management project that will benefit 225 forestry companies.
The funds will be used in climate change adaptation and mitigation programs, through the Sustainable Forest Management project, reported the government of Guatemala.
In the Dominican Republic, avocado and bananas are the crops with the highest growth potential, because of the behavior of global demand.
The National Competitiveness Council of the Dominican Republic and the Inter-American Development Bank (IDB) presented the "Study and Diagnosis of Agricultural Chains" in which the analysis of ten value chains was carried out for agricultural products such as: avocado, cocoa, banana, coconut, mango, pineapple, greenhouse vegetables, oriental vegetables, chinola and cassava.
The price control policy of the basic basket that has been implemented in Panama for some years is discouraging the local production of goods, since it is not profitable for companies to produce at a price lower than the balance price.
The measure to regulate the maximum retail prices of 22 products of the basic basket, began in 2014 and its validity has been renewed each semester, with its last extension in January of this year.
The Inter-American Development Bank approved a loan to finance the construction of infrastructure to reduce flooding and make urban improvements in the Juan Díaz River basin.
The Panama Mayor's Office informed that the resources will be used in three components. A first component of Flood Mitigation Infrastructure; a second component to improve the quality of public spaces; and a third component that will support the sustainability of the investments foreseen in components one and two, and the capacities of the Municipality of Panama to carry out the integral management of the basin during this program.
In El Salvador, it is expected that electronic invoicing will be in effect in 2020, since reforms to the Tax Code and the Law on the Transfer of Movable Goods Tax are still needed.
Authorities from the Ministry of Finance reported that to implement electronic invoicing, they already meet with representatives of the Inter-American Development Bank (IDB) and expect the arrival of experts from Costa Rica.
Although new jobs will emerge, technological changes will have a strong impact in the Central American region, where there is a high proportion of jobs with a high risk of automation.
According to forecasts made by the Inter-American Development Bank (IDB), in 2018 it was estimated that 75% of workers in Guatemala and El Salvador are in high-risk automation jobs.
Because of the weather, Guatemala, Honduras and El Salvador report annual losses in basic grain and vegetable production of $196 million, $140 million and $37 million, respectively.
According to estimates by the Inter-American Development Bank (IDB), the Central American countries that are part of the Northern Triangle, derived from climatic phenomena, mainly drought, annually record total losses in the agricultural sector close to $337 million.
The Inter-American Development Bank loan will be used to finance wastewater projects in Honduras, sewerage works, construction of sports infrastructure, and other works.
On October 10th, the Congress of Honduras approved a $60 million loan from the Inter-American Development Bank (IDB), to be paid over 25 years at an annual interest rate of 0.25%.
The Senate has approved a loan agreement signed between the country and the Inter-American Development Bank, and the funds will be used for the Sustainable Agroforestry Development program.
The Senate of the Dominican Republic has reported that the resources will be used to finance the Sustainable Agroforestry Development program which will be executed by the Executing Technical Unit of Projects at the Agroforestry Development of the Presidency of the Republic (UTPDA) and the Ministry of Public Works and Communications.This initiative was sent by the Executive Power.
The Morales administration has announced that it plans to carry out maintenance and restoration work in 4,000 educational establishments located in different areas of the country.
Authorities at the Ministry of Education stated that the maintenance works on buildings in the educational network will be financed with national funds and with a loan from the Inter-American Development Bank (IDB).
The Cabinet Council has approved a loan contract for investments in infrastructure and fiscal control equipment at the country's border posts.
According to a decree published on June 5 in the Official Gazette, "... the signing of the Loan Agreement ... between the Republic of Panama and the Inter-American Development Bank (IDB)has been authorized, up to the sum of seventy-five million dollars (US $75,000,000.00)."