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Foreign Direct Investment Surges in Latin America and the Caribbean, Offering Opportunities for Sustainable Development and Energy Transition

July 10, 2023. In a significant development, Foreign Direct Investment (FDI) in Latin America and the Caribbean experienced a remarkable surge in 2022, reaching a historic high of $224.579 billion dollars. This represents a staggering increase of 55.2% compared to the previous year, according to a report released by the Economic Commission for Latin America…

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Balancing Labor Market Recovery: ECLAC and ILO Highlight Progress and Persistent Challenges in Latin America and the Caribbean

July 11, 2023. In a joint report released by the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO), the latest analysis of the employment situation in Latin America and the Caribbean reveals that the region’s main labor indicators have returned to pre-pandemic levels. While this marks a positive…

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Navigating Economic Contractions: Understanding the Factors Behind Peru’s 1.43% Production Decrease

July 15, 2023. In recent years, Peru has experienced fluctuations in its national production, reflecting the complexities of its economy. The report released by the National Institute of Statistics and Informatics (INEI) sheds light on the country’s economic performance in May 2023. Taking a perspective that emphasizes the importance of individual freedom, limited government intervention,…

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DHL Supply Chain Invests €500 Million in Latin America to Strengthen Logistics and Drive Sustainability

July 12, 2023. DHL Supply Chain, the world’s leading logistics company, has announced a significant investment of €500 million in Latin America. The investment is part of DHL’s strategic plan to strengthen its operations in the region and support the diversification of sourcing and supply chains. The company aims to enhance the domestic infrastructure, promote…

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International Court of Justice Rejects Nicaragua’s Claims in Continental Shelf Delimitation Case Against Colombia

On July 13, 2023, the International Court of Justice (ICJ), the principal judicial organ of the United Nations, delivered its judgment in the case concerning the question of the delimitation of the continental shelf between Nicaragua and Colombia beyond 200 nautical miles from the Nicaraguan coast. The case was brought before the court by Nicaragua…

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Promoting Sustainable Development and Economic Cooperation: The Triangular Cacao Project between Germany, the Dominican Republic, and Guatemala

July 12, 2023. In a display of international cooperation and a commitment to sustainable development, the Ministry of Economy, Planning, and Development (MEPyD) of the Dominican Republic, through its Vice Ministry of International Cooperation, recently launched the Triangular Cacao Project. This initiative, funded by the German Agency for International Cooperation (GIZ), aims to enhance the…

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Supporting Innovative Initiatives for Environmental Protection and Economic Growth in El Salvador

The Ministry of Economy of El Salvador (MINEC) recently expressed its support for an initiative aimed at reducing carbon dioxide emissions. Quantum Motors, a pioneering Bolivian company in the manufacturing and commercialization of electric vehicles, announced that it is working on the launch of TRICOO, a startup that leverages the momentum of electromobility to provide…

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