– The Bahamas has announced plans to sell $300m in blue carbon credits in 2022 – Coastal ecosystems like mangrove forests can store large quantities of carbon – Firms in Colombia and Japan have sought to utilise blue carbon credits – Countries are leveraging their natural environments to fund environmental projects The Bahamas has become the latest emerging market to seek to leverage…
En Español – CELAC and China signed a wide-ranging economic agreement in December – The agreement is expected to lead to a rise in infrastructure investment – Plans were outlined for greater engagement between the public and private sectors – 4IR technologies could also benefit from greater economic cooperation A number of Latin American and Caribbean countries have strengthened…
In English Las tendencias de aceleración digital están transformando la economía mundial. Junto con la necesidad de diversificar las exportaciones más allá del petróleo, Colombia está invirtiendo en tecnología y soluciones digitales para impulsar la productividad y la competitividad. El reajuste de las cadenas de suministro y la incertidumbre del mercado emergente provocada por la pandemia…
En Español Digital acceleration trends are transforming the global economy. Along with a need to diversify exports away from oil, Colombia is investing in technology and digital solutions to boost productivity and competitiveness. The realignment of supply chains and emerging market uncertainty brought about by the Covid-19 pandemic gave the country additional impetus to rethink how Industry 4.0,…
En Español – The region returned to economic growth this year after 2020’s recession – One outcome of the pandemic has been increasing levels of digitalisation – Fourth Industrial Revolution technologies are seeing rapid uptake – Sustainability and circular economy principles are shaping the region’s future Following a difficult 2020, Latin America and the Caribbean has seen…
The global oil industry had yet to recover from the price crash of 2014-15 by the time the pandemic hit in early 2020, which meant that upstream operators and service providers were already grappling with cost-related challenges and falling profit margins. The pandemic-induced shock to the global oil market served to exacerbate these trends and forced companies to reappraise expenditure plans and…
The mining, agriculture and financial services sectors are essential pillars of GDP, and are fundamental to Peru's socio-economic development and exports. While the Covid-19 pandemic severely impacted the economy – which suffered one of the largest contractions in Latin America in 2020 – growth forecasts for the next three years place it at the forefront of the region. One of the key elements…
En Español – Circular economy principles have received a boost following the pandemic – In February the UN launched a circular economy coalition for Latin America – Recycling and 4IR technologies will prove key to sustainable growth – The circular economy could generate 4.8m jobs across the region by 2030 As Latin America continues its economic recovery from Covid-19, countries…
One of the last regions in the world to be affected by the Coronavirus pandemic, Latin America’s reported Covid-19 case and death numbers have grown steadily since late February. However, given the importance of the region’s economies to global value chains, the need to ensure the continual operation of key services and industries has led to a number of key measures being implemented in
The petrochemicals and logistics sectors have been some of the most exposed industries in Latin America and across the world during the past 13 months. Both critical to the region’s economies, they faced substantial headwinds in the early months of the pandemic, such as closed borders and strict measures on industrial operations. For petrochemicals and chemical firms, the immediate impact has been…