Expert presents five challenges to improve competitiveness



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According to the World Economic Forum, road and port infrastructure is Honduras' main badet in attracting investment, but according to an international expert, five challenges must be addressed as quickly as possible. [19659002] The GEF Global Competitiveness Report – 2017-2018 was released the previous week and Honduras appears to be the only country in the region to improve from position 104 to position 101.

But the distance is far from Chile. Mexico, Uruguay, Costa Rica or Colombia, which hold a dominant position in Latin America, according to this report. Deloitte's director of financial and infrastructure consulting, Federico Villalobos, was in Tegucigalpa and presented an overview of the national and regional context in terms of investment attraction.

Villalobos is a Costa Rican and usually offers lectures. is an badyst in regional and international communication media such as GloboEconomía and Wall Street of the CNN news network.

INTEGRAL VISION

In this context, he explained that the region was heterogeneous and that outside investors saw Central America

In this context, he presented a list of five challenges to which the government and the Honduran private sector will face to improve the business climate, considering as a priority the strengthening of institutions.

Second, Villalobos recommends that decision makers improve the network. infrastructure in general, train more human capital, cut red tape and focus more on integration.

"Anyone who encourages investment in a country is looking at several things," he said, arguing that this is where the institutional strength lies as a backbone for attracting capital .

As an example, he stated that a European or American company needed certainty to move its capital from a comfortable environment to countries like Honduras or the region.

the road and port infrastructures are the strong points; the citizen and legal insecurity appear as the main weaknesses.

THE CAPITALS ARE NERVEUS

"There is nothing more nervous than a million dollars". In addition, investors have an interest in making a decision "if this country complies with the rules without changing tax conditions or legal problems from day to day".

Also "if I have a dispute with a supplier, I can go to court and I can be badured that they will resolve me quickly and fairly, these are highly sensitive items to investments."

With regard to transport, energy, human capital and telecommunications, investors are looking for countries in which multiple languages ​​are spoken, connectivity to a power grid or telephony at an efficient and competitive cost .

"When it comes to energy, I will not go to a country where there are power cuts, and on the industry side, there are other elements, so I need energy, but it's cheap. "Likewise," I need a logistical network that allows me to produce in a certain area of ​​the country and get to the port quickly. " the closest".

However, the process In addition, to measure the reliability of a country, I would also like it to be accelerated. "

The expert went on to say that investors were not expecting the departure of a country, but conversely, because economies were racing to attract capital and that's where Reducing the red tape required to start a business plays an important role and, in short, he explained that attracting investment requires trust, speed, an efficient infrastructure network, cheap energy, qualified staff and more. of regional integration. " (JB)

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