Saturday 28 May 2022

Costa Rica reached prepandemic level of economic activity, according to the IDB

Paying the bills

Latest

CHEC will have eight more months to complete expansion of RUTA 32

QCOSTARICA - With fingers crossed, by February 2023, the...

Has Costa Rica reached the peak of the fifth wave due to Covid-19?

QCOSTARICA - Although the growth trend of diagnoses by...

Campaign against the seasonal influenza (flu) virus will start in June

QCOSTARICA - The Caja Costarricense de Seguro Social (CCSS)...

Is ¢700 colones to one dollar around the corner?

QCOSTARICA - The dollar exchange is expected to maintain...

Hospitalizations for covid-19 increased in the last week

QCOSTARICA - Covid-19 is still with us despite the...

Criminals prefer to steal cars with better gas mileage due to the increase in the price of gasoline

QCOSTARICA - As the country nears another record-setting increase...

UCR affirms that a strong intervention on the exchange rate is inconvenient

QCOSTARICA - The Institute for Research in Economic Sciences...

Dollar Exchange

¢675.89 Buy

¢685.03 small> Sell

28 May 2022 - At The Banks - BCCR

Paying the bills

Share

QCOSTARICA –  Costa Rica, El Salvador, Guatemala, Nicaragua and the Dominican Republic have already reached the level of economic activity of 2019, confirmed the Inter-American Development Bank (IDB).

The recovery occurred for the region during 2021, however, the reactivation of employment has occurred at a slower pace than that of economic activity.

- Advertisement -

This is due in part to the fact that the sectors with the greatest potential for generating employment, such as the construction, hotel and commercial sectors, lag behind others that are less labor intensive, such as manufacturing, telecommunications, energy and agriculture.

The IDB approved US$3.37 billion in support for the productive fabric, inclusive recovery from the Covid-19 crisis, employment, value chains, and digitization.

To generate quality jobs, the IDB’s strategy has focused on supporting the productive development of mipymes (micro, small & medium enterprises), which represent 99% of the companies in the region and contribute between 65% and 70% of the employment of the economically active population, through the promotion of exports, market access and financing of the productive fabric, with an emphasis on the incorporation of small rural producers in the main value chains.

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Confidence levels in the business sector in Latin America and the Caribbean are low

QCOSTARICA - Strengthening trust is essential for the business sector to...

Costa Rica studies entering the green hydrogen market

QCOSTARICA - Green hydrogen could be an economic opportunity for Costa...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.