07/01/2024
Headlines

Business

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

admin08 mins

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

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

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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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SURA Asset Management Strengthens Investment Business for Latin America with SURA Investments

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This milestone marks the evolution of SURA AM’s investment and asset management business, reinforcing its regional presence in 6 countries and extending its global reach. This process will enable the offering of financial products for individuals, companies, and institutions, representing a total of USD 18 billion in assets under management. With a presence in Chile,…

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Promoting Gender Equality and Sustainable Growth: Mexico’s Progressive Approach

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Mexico has made remarkable progress in advancing gender equality, yet certain gaps persist that hinder the country’s economic potential. In response, the Mexican government has taken proactive measures to create economic opportunities for women and foster sustainable and inclusive growth. Recognizing these efforts, the World Bank has pledged technical and financial support to aid the…

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Accelerating Chile’s Green Hydrogen Industry: A Path to Sustainable Development

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On June 7, 2023, the Inter-American Development Bank (IDB) approved a substantial loan to support the development of Chile’s green hydrogen industry. This strategic operation aims to decarbonize the economy and create new opportunities for productive development in the country. The loan will be utilized to finance various aspects of the industry, including projects in…

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Advancing Sustainable Development in the Amazon: A Comprehensive Approach

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On June 30, 2023, the Inter-American Development Bank (IDB) introduced a groundbreaking initiative called Amazonia Forever. This holistic umbrella program seeks to accelerate the sustainable, inclusive, and resilient development of the Amazon region through enhanced financing, knowledge sharing, and regional coordination. The program garnered support from the IDB’s governors representing Bolivia, Brazil, Colombia, Ecuador, Guyana,…

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Latin America and the Caribbean: Leading the Way in Digital Money Adoption and the Potential of Central Bank Digital Currencies

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The interest in Central Bank Digital Currencies (CBDCs) and the use of cryptocurrencies in Latin America and the Caribbean (LAC) has gained significant attention in recent years. This region has emerged as a global leader in digital money adoption, offering valuable lessons for the rest of the world. While countries like El Salvador have made…

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