I landed on Monday, September 3rd, 2018, at the Port-au-Prince international airport in Haiti, completing a milestone that had begun on June 16th, 2004, in my native Costa Rica: visiting each of the 26 borrowing member countries of the IDB Group, promoting the development of Latin America and the Caribbean. … [Read more...] about Five considerations for understanding the importance of the manufacturing sector
Latin America and the Caribbean
On May 26, 2013, a tweet from FC Barcelona confirmed that the 21-year-old Brazilian striker Neymar Jr. had accepted a multi-million dollar contract to join five-time Ballon d’Or winner Lionel Messi in the Catalonian soccer team. Fourteen months later, the same club hired the Uruguayan star Luis Suarez. A couple of weeks later, Barcelona’s legendary player Johan Cruyff suggested … [Read more...] about What can Messi, Neymar and Suarez tell us about banks and fintech companies?
We are witnessing the Fourth Industrial Revolution, the theme at this year’s World Economic Forum in Davos. It represents the digital revolution, the rise of the collaborative economy and growth expectations that are exponential instead of linear. The economic transformations emerging from this revolution remind us that the business models of yesterday cannot build the business … [Read more...] about The region is evolving. So are we.
Good news for companies and financial institutions interested in tapping into new markets: Peruvians who live at the base of the pyramid (BoP) spent 160 percent more on information and communications technologies (ICT) in 2013 than in 2000 –from US$20 per capita per year to US$52. Currently, four out of ten BoP heads of households use the internet. More than half of them are … [Read more...] about Technology to access an unexplored market in Peru
By Susan Olsen, Lead Specialist, Opportunities for the Majority, IDB Difficulty accessing financing, poor infrastructure and incapacity to scale are cited as reasons why businesses that target the (BOP) fail. Yet, an unwillingness to overcome base of the pyramid stereotypes could easily be the most important explanation as to why some BoP-focused companies aren’t successful. … [Read more...] about Overcoming stereotypes could save your business