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.
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.
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 Congress has ratified a loan with the Inter-American Development Bank to build two hospitals and make improvements to the health system.
The Legislative Assembly reported that "... After constant approaches to achieve the required consensus, the Legislative Assembly unanimously ratified the loan contract between the Executive and the Inter-American Development Bank (IDB) for $170 million to finance the Integrated Health Program II. With the resources it will be possible, among other things, to carry out construction of a new Rosales Hospital and a General Hospital in the northern zone of San Salvador in Nejapa."
El Salvador's Congress approved an IDB loan of $350 million to finance the government budget deficit at a 3.25% rate.
The president of the Legislative Assembly, Norman Quijano, stated that " ..." with the conditions offered by the IDB we will have an interest rate estimated at 3.25%, with the bonds we had an average rate of 7 and 8%, the reduction of interests will mean a saving of tens of millions of dollars for the country.' "
The government is complaining that the decision by the Legislative Assembly not to approve the IDB loan for $114 million, will mean that it will not be possible to develop the tourism and road projects that were planned.
From a statement issued by the Presidency of El Salvador:
Country loses $115 millionIDB credit because of ARENA, seriously impacting tourism and connectivity
A virtual seminar has been organized for April 5, on recommendations to negotiate with Indian companies and best practices for exporting to that market.
From a statement issued by PROCOMER:
ConnectAmericas, anonlineplatformcreated by the Inter - American Development Bank (IDB) with support from Google, DHL, Visa and Alibaba will be holding afreewebinaron essential tips for doing business in India, on April 6 at 10:00 am, in which best practices for entering the Indian market will be explored and useful guidelines will be provided for the export process.
From March 15 to 16 more than 400 local and international companies in the service sector will be holding business meetings during the OUTSOURCE2LAC business forum in San Jose, Costa Rica.
From a statement issued by PROCOMER:
San Jose, March 3, 2017.The largest gathering of service companies based on knowledge of Latin America will be meeting in San Jose, Costa Rica, on March 15 and 16.OUTSOURCE2LAC is a business conference organized by the Inter-American Development Bank (IDB) and the Foreign Trade Promotion Office of Costa Rica (PROCOMER), which aims to share best practices and experiences of the sector and to promote the creation of opportunities for business and investment for SMEs in Latin America and the Caribbean.
It has been announced that using funds from the Inter-American Development Bank a tender will be launched for a plan to improve and streamline cross-border trade in the region.
The goal is to design and implement a system to improve and expedite the transit of goods between the Central American countries which currently face several obstacles affecting competitiveness, such as customs delays and duplication of procedures.
A private sector union is convening a symposium on economic and energy perspectives on 8 March in the country.
The symposium is being sponsored by the Superior Council of Private Enterprise (COSEP) and the Chamber of Energy in Nicaragua (CEN) together with the NGO known as the Council of the Americas.
Trincheraonline.com reports that "... the economic panel of the symposium will include Mr.