With the global economic rebound from Covid-19 well under way, Central America is set to recover at a faster rate than most countries in Latin America and the Caribbean. The region is poised to take advantage of accelerated trends in the digital economy and the greater investor focus on sustainability projects that are highly valued by the markets as a result of the pandemic.
Integration is key to unlocking Central America’s potential. New regional initiatives in financial markets, transport and energy look set to further cement close ties between the most integrated economic bloc in the Americas.
This report, published by OMFIF in association with CABEI, covers the eight countries that make up the Central American Integration System. It presents a detailed view of the region through six pillars: macroeconomic overview; sustainable investment; commerce, external trade and foreign direct investment; financial integration; digital economy; and integration. Each pillar examines where Central American nations stand in the respective areas, highlighting flagship projects and trends that demonstrate potential while identifying where improvement is required.
The introduction of a new pillar that explores the digital economy in the region reflects the enormous opportunity that technological advancement represents for Central America.
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In case you missed it:
OMFIF and CABEI organised an on-the-record virtual launch for the second edition of the report on Thursday 17 February 2022. This includes a presentation of findings and a panel discussion featuring policy-makers and practitioners from across the region and beyond. The panel discussed the findings of the report and reflected on opportunities and challenges in financial market development. Key areas for attention were conditions for foreign investment as the world reopens, regional debt, prospects for regional integration and sustainable projects and growth, developments in digital sectors, infrastructure and how this will build the region’s resilience and further the recovery from Covid-19.
Dante Mossi, Executive President, CABEI
Victoria Hernandez Mora, Minister of Economy, Industry and Commerce, Costa Rica
Louis Taylor, Chief Executive, UKEF
Natalia Ospina, Deputy Head of Reports and Surveys, OMFIF
Sir Adrian White CBE, President, Biwater