Only about a quarter of Colombian companies created in 2017 were still operating in 2022, of which only 6% (4,600) grew. What are the drivers behind businesses that not only survive but thrive? Our new report with Confecámaras starts digging into the data, focusing on growth factors, job creation, and gender gaps.
How can agribusinesses proactively navigate the effects of climate change and become more resilient? By unlocking the potential of data. IDB Invest has created AGRIADAPT, a tool based on cutting-edge agricultural and climate data that provides customized climate vulnerability analysis and adaptation recommendations.
How can we help small beekeepers in Latin America and the Caribbean strengthen productivity and climate resilience? According to a recent IDB Invest evaluation of a pilot program in Mexico, by providing them with a combination of basic inputs and training. But most importantly, queen bees. Through this approach, producers managed to increase honey production, yields, and the number of hives in their colonies and adopted best practices in hive management, boosting resilience to future climate events.
A recent study by IDB Invest and FinDev Canada analyzes survey data from over 1,000 firms across seven Caribbean countries in 2020, finding that investing in new or improved products, services, processes, methods, or distribution channels drives productivity and financial performance and can also make companies more resilient in the face of crisis.
Most of the world’s commerce depends on trade finance. However, the global trade finance gap surged to an estimated $2.5 trillion in 2022, widened by the pandemic and ongoing economic and geopolitical uncertainty. Narrowing this gap can have a positive impact on two pressing challenges facing the region: limited access to finance for SMEs and mounting food insecurity.
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.