After 5 years of managing the admission to the Organization for Economic Cooperation and Development, the Council of the organization agreed to formally extend the invitation to the Central American country to become the 38th member.
The incorporation will allow the country to participate in more than 300 committees and groups to decide on equal terms in the development of innovative solutions to common challenges, such as the emergency in the face of COVID-19, issues associated with climate change and the fourth industrial revolution, among others, reported the Costa Rican presidency.
After the country has completed the 22 required assessments called for in the roadmap, in the coming months the organization's Council should take the decision to invite the country to formally become a member.
The Organization for Economic Cooperation and Development (OECD) issued its formal opinion favorable to the work that the country has been doing to address the recommendations provided by this committee since 2016, in areas such as macroeconomic and fiscal stability, inclusive economic growth, increased productivity and promotion of competition, among others.
The Guatemalan Congress voted against the bill that granted a private company the concession to rehabilitate and operate the Escuintla-Puerto Quetzal Highway, which will require the presentation of a new bill to revive the road project.
Reducing trade barriers and procedures, increasing legal security and improving productive infrastructure are part of the changes required by the business sector for the region's economic development.
In Guatemala, the 12th Ibero-American Business Meeting is held, in which the private sector presents proposals to face the current challenges and generate opportunities for the countries of the region.
Informality in the labor sector, low levels of taxation and little investment in innovation and development are some of the obstacles the country is facing in terms of competitiveness.
The Ministry of Economy presented the "First National Competitiveness Report", which analyzes more than 200 indicators obtained from indices prepared by international organizations such as Doing Business, Competitiveness Index, Trade Facilitation, Global Innovation, Connectivity and Index of Performance of Energetic Structure.
The company Sylvania has inaugurated a lighting product development laboratory in Costa Rica, from where it will provide support to the company's research and development teams.
The lighting company invested $1 million in its new laboratory that has a space of 350 m2for the development of high specification products for different industries, and also has more than 20 state-of-the-art pieces of equipment, which streamline the quality control processes for the products designed in the country, as well as the verification of imported products.
The updated plan to develop the Amador Causeway proposes taking advantage of the stretch between the Biomuseo and Naos Island, and building recreational areas on platforms on piles there.
The Administrative Unit of Reverted Property (Uabr) reported that the study of the master plan updated by the firm Tourism, Business & Planning (C4T), recommends the installation of six platforms that will house recreational areas, which would be built on piles overlooking the entrance to the Panama Canal. "...They would be a kind of piers or platforms on piles, where various businesses would be operating. "
In the first projects that are planned to be developed as part of the plan, around $116 million will be invested in construction works, vehicle purchases and other things.
Businessmen in the sector assert that the country reports one of the lowest levels of cement consumption in the Latin American region.
The current level of cementproduction in Guatemala reflects the low levels of public investment in recent years in the country. Lack of investment by the State in roads and other public infrastructure works is compounded by instability generated by foreign investment in the legal conflicts that have arisen in recent years, such as closure of mining projects and political and economic problems related to corruption."..."Conflict is an additional factor that slows development and investment, and therefore the consumption of cement," said Oscar Sequeira, coordinator of the Statistics Commission of the Guatemalan Chamber of Construction. "
The country needs to double the 4,000 kilometers of existing roads in order to improve land connectivity among the 153 municipalities, mainly in the Caribbean.
Although public investment in road infrastructure has increased in recent years, in order to exploit the full potential of economic development, the existing road network needs to be doubled in order to achieve an "acceptable land connection".
Lack of water is stopping productive development, and at the same time the very same disorderly development is causing shortages in several areas of the country.
EDITORIAL
Lack of water is stopping productive development, and at the same time the very same disorderly development is causing shortages in several areas of the country. The Central Valley is one of the areas already feeling the effects of the lack of infrastructure, as well as well defined plans, - a difficulty in Costa Rica- well executed by public institutions.
The drama over the bulk of exports being primary products without added value is unfolding not only in Nicaragua.
The new president of the Association of Producers and Exporters of Nicaragua (APEN), Guillermo Jacoby, has carried out a lucid analysis of the difficulties faced by Nicaraguan exporters in increasing both the volume and the value of its sales abroad, and especially how to make this productive effort sustainable.
Work is being carried out on the definition of a new plan so that the Amador Causeway can generate new business opportunities and jobs, mainly for the tourism sector.
Report of Costa Rica´s performance, through the selection, measurement and evaluation of a set of variables that include social, economic, environmental and political aspects of development.
Overview of the State of the Nation Report 2015:
In the past five years, the State of the Nation has warned about the severity of the problems that threaten the sustainability of human development, the political system's inability to find answers and the need to correct the country's course. Therefore, in 2011 it was stated that behind the political and economic stability a wearing down of Costa Rica's historical progress could be detected. In 2012 the absence of solid progress was noted and in 2013, the existence of myths about the "country we are," which led to do the same actions being repeated with different results expected. Last year, the Twentieth Report stated that it was the end of an era and the political system was being called on to lead the transition with minimal confrontation and costs for the weaker groups.
The construction of the new container terminal in Moin has rekindled business hotels, corporate machinery, transportation and others, in an area deprived of development factors.
Renting working machinery, hiring companies for events and renting hotel rooms are just some of the new business deals being generated in Limon, since construction of mega-port project at Moin started. Added to this are the 380 people hired by APM Terminals, which is also "... contracting, indirectly, truck drivers, maritime and land transport services, food services and fumigation."
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