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.
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.
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 automationjobs. In Costa Rica the proportion is 68%, in Panama and Nicaragua 65%, and in the Dominican Republic 62%.
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%.
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.
Congress has approved an IDB loan for the construction of three centers that make up the Ciudad Mujer project in Tegucigalpa.
The loan was agreed in a pact signed in late December by the director of the initiative of Salvadoran origin 'Ciudad Mujer' (Woman City) in Honduras, Rosa Lourdes Paz, and the IDB representative in Honduras, Mirna Liévano.
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.
The Central American Bank for Economic Integration has announced that this month it will deliver 55% of the funds required to implement the customs union between the two countries.
The funds pending for the implementation of the Customs Union between Guatemala and Honduras are being managed by the Central American Bank for Economic Integration (BCIE) for a total of $1.5 million for delivery in February. The information was confirmed by the Ministry of Economic Development of Honduras.
In 2016 the Latin American forum that brings together over 500 companies from the service industry will be held in San Jose.
From a statement issued by the Ministry of Foreign Trade of Costa Rica:
San Jose, Costa Rica, November 26, 2015: The Ministry of Foreign Trade (COMEX), the Foreign Trade Promotion Office (PROCOMER) and the Costa Rican Coalition for Development Initiatives (CINDE), announced that the IDB has named Costa Rica as the host for 2016 for one of the most important events in Latin America for the corporate services industry: "OUTSOURCE2LAC". The decision was made official last week, during the fifth edition of the forum, held in Guadalajara, Mexico.
The President of the IADB has advised Costa Rica to make a tax reform to raise taxes arguing that today the teetotum indicates "everyone gives".
EDITORIAL
The use of the old fashioned game of a faceted spinner by the head of the hemispheric institution as example, deserves to have the whole story told: the person who spun the teetotum was the Costa Rican government, the same participant of the "game" who on their previous turn benefited from the teetotum when it landed showing "TAKE ALL". Luis Alberto Moreno is saying that the serious fiscal crisis which the country now finds itself in means that now everyone must contribute to its solution. That means aproving more taxes.
On August 6th and 7th 250 entrepreneurs from more than 20 countries will be meeting in Guatemala to discuss issues of innovation, challenges, trends and business opportunities in the services sector.
From a statement issued by the Guatemalan Export Association (AGEXPORT):
"The region still needs to install at least 7,000 MW by the end of the decade and make investments of between $12,000 million and $18,000 million."
While in Panama the energy supply needed to meet the demand of its growing economy falls short, to the north of the region, in Guatemala, there is surplus energy but generators are unable to sell it due to the lack of regulations governing the futures contracts and because the Siepac (Regional Electricity Transmission System) project is still does not working 100%.
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