How Digitalization Can Accelerate Future Financial Services in the Region
The rapid digitalization of the financial sector in Latin America and the Caribbean is paving the way for agile and innovative solutions that enhance competitiveness, open doors to greater financial inclusion, and drive the region's development.
Holidays 2.0: How Technology is Shaping the Future of Tourism in Latin America and the Caribbean
Latin America and the Caribbean is a region greatly abundant in natural and cultural resources, with a huge potential to become a global benchmark in the tourism industry, driving economic growth and quality job creation in the region. Despite some setbacks, new customer behaviors and, especially, technology breakthroughs have brought about new opportunities for the industry.
Manufacturing 4.0: Digital Transformation as a Catalyst to Accelerate Development
Contributing 15.7% to the regional GDP, the manufacturing sector is a fundamental driver for the economies of Latin America and the Caribbean countries. New technologies are radically changing the way of production and becoming critical factors for the sector's competitiveness and resilience in the current market context.
Improving Telecommunications Drives GDP and Productivity
The rapid growth of telecommunications in Latin America and the Caribbean presents both an opportunity and a challenge for a sector capable of significantly contributing to GDP growth and enhancing productivity. However, the sector is constantly evolving, with persistent gaps in access.
Broadband Boosts Business Performance and Access to Credit in Peru
Access to universal and meaningful broadband internet is a must for boosting economic growth and reducing the digital divide in Latin America and the Caribbean. It can also boost access to finance for the most excluded segment of the credit market: micro, small, and medium-sized enterprises (MSMEs). A recent study supported by IDB and IDB Invest analyzed the effects of broadband expansion on the credit market in Peru, finding that smaller firms with limited credit histories benefited the most.
5G Connectivity, A Positive Impact on Climate Change
High-speed 5G Internet connections will help more remote work and information access, reducing emissions from cars and planes, and facilitate self-driving vehicles, leading to fewer accidents and shorter commutes, as well as the widespread adoption of smart buildings with less energy use.