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%.
The government reported that the Inter-American Development Bank has approved a $20 million loan to finance renewable energy projects managed by small and medium enterprises.
Vice President Rosario Murillo told government media that "... the IDB gave no objection to Banco de la Producción (Banpro) who will give loans to small and medium-sized renewable energy companies," this is reported by Iván Acosta, Minister of Finance, who in turn received the note from Francisco Mayorga who represents us at the IDB."
The IDB plans to disburse up to $150 million this year to finance road construction and electrification works in areas of the Nicaraguan Caribbean.
Representatives of the entity in Nicaragua explained that the goal is to approve up to $280 million in loans for development works in the country this year.
With a loan from the IDB, the improvement program for a potable water and sewerage connection system will be carried out in the municipalities of Managua.
The resources will be executed through the Nicaraguan Water and Sewerage Company (Enacal), specifically in the improvement and sustainable management of drinking water and sanitation services in urban and peripheral areas.
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.
With funding from South Korea and the IDB, plans have been made to install 3,500 kilometers of fiber optics in the next two years, with an estimated $100 million investment.
With the IDB loan approved by the National Assembly infrastructure and equipment for health centers in rural areas will be improved.
From a statement issued by from the National Assembly:
The Plenum of the National Assembly approved on Tuesday September 6, a Loan Agreement signed with the Interamerican Development Bank IDB, to be used to finance the Community Health Program in 54 rural municipalities.
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.
The Inter-American Development Bank has announced that it will provide a loan of $20 million to fund feasibility studies for a port in the Caribbean.
The funds provided by the entity will be used for studies needed to determine the characteristics of the area, the exact location and cost of building the infrastructure, as well as any possible environmental impact on the coast of Bluefields.
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 IDB is providing $40 million in financing for construction of power substations in the north and $90 million for renovation of roads in Jinotega and Chontales.
From a statement issued by the National Assembly of Nicaragua:
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