Francisco Sotomayor

10 takeaways from analyzing data and reports from the ICT regarding tourism in Costa Rica from 2015 to 2023 1. Resilience of Tourism: Despite major global disruptions like the COVID-19 pandemic, the tourism sector in Costa Rica has shown signs of resilience and recovery, particularly in 2021 and 2022. 2. Significant Forex Contributor: Tourism is a major contributor to foreign exchange earnings, crucial for Costa Rica’s economic stability, with figures reaching into the billions of USD annually. 3. Major GDP Contributor: Tourism directly contributes around 4.5% to 5.0% of Costa Rica's GDP, highlighting its importance to the national economy. 4. Impact of COVID-19: The pandemic led to a dramatic drop in both tourism arrivals and its economic contributions in 2020, with GDP contributions from tourism plummeting. 5. Airport Traffic as an Indicator: The number of arrivals at major airports (Juan Santamaría and Daniel Oduber Quirós) serves as a reliable indicator of tourism trends, showing growth over the years with intermittent declines due to external factors like the pandemic. 6. Differential Growth Between Airports: While Juan Santamaría Airport handles the majority of traffic, Daniel Oduber Quirós Airport has shown notable growth, suggesting regional developments and possibly shifting travel preferences or increased accessibility. 7. Post-Pandemic Recovery: 2021 and 2022 data indicate a strong recovery trajectory, pointing towards a bounce-back to pre-pandemic levels of tourist arrivals and economic impact. 8. Sustainable Tourism Focus: Costa Rica’s focus on eco-tourism is likely a significant draw, attracting tourists interested in sustainable and environmentally friendly travel options. 9. Long-Term Growth Trend: Despite short-term fluctuations, the long-term trend for tourism in Costa Rica shows growth, both in terms of arrivals and economic impact. 10. Increasing Regional Importance: The growth in arrivals at Daniel Oduber Quirós Airport suggests that the Guanacaste region is becoming increasingly popular as a tourist destination. This reflects a broader trend towards regional diversification in tourism offerings, which can help mitigate the impact of fluctuations in tourist arrivals at more traditional entry points like Juan Santamaría Airport.

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Panama's Economic Outlook for 2024 Panama is projected to see economic growth of 2.5% in 2024. - Growth Projection: Panama's economy is expected to grow by 2.5% in 2024. - Construction Sector: Unlikely to offer pre-pandemic support, but its impact on other sectors could boost the economy. - Public Investment: Economist Raúl Moreira advises against drastically reducing public investment to meet a 2% fiscal deficit target. - Economic Balance: Essential to balance fiscal deficit control with promoting consumption and investment. - Government Policies: Focus needed on policies that generate employment and investment without compromising fiscal goals. - Recovery Signs: Panama's economy shows recovery but requires effective strategies for sustainable growth and equitable economic benefits. We are active participants in this growth, with new projects, alliances and government support. Want to know more? Let’s talk! https://lnkd.in/ejF_CmWr

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Good morning everyone. The new La Paz PDU or Urban Planning Instrument for the Todos Santos-Pescadero-Cerritos area has been approved and I have translated the article from El Sudcaliforniano dated August 2 here: The ordinary session of the La Paz City Council approved by majority vote the update of the Todos Santos - Pescadero - Las Playitas and Los Barriles - El Cardonal Subregional Urban Development Programs, as well as the creation of the Sargento - La Ventana - Los Planes Partial Plan.These planning instruments are to generate land use planning in the areas of greatest growth, establishing urban development zones, land use, land use policies, new roads and strategic projects. These include spaces for schools, hospitals and landfills. In the Baja Sur Vision 2030 which is a study of the infrastructure needs for Baja Sur, not a single project for Todos Santos is mentioned.The consultation and dialogue work began in February 2023 through the Municipal Planning Institute of La Paz (IMPLAN) and the General Directorate of Integrated City Management, with the participation of the community in multiple workshops, work sessions and a public consultation, in accordance with the provisions of the State Law of Urban Development of Baja California Sur. .As part of the process, the inhabitants of these communities participated in 12 face-to-face hearings with the attendance of 497 people; in addition, weekly virtual sessions were held with 199 participants and 103 individual consultations were attended at Implan's facilities. This citizen participation exercise allowed people to express their doubts, proposals and considerations, consolidating a territorial planning instrument based on legality and prosperity for those who currently live in these areas and for future generations. With the authorization of these programs, the delegations of El Sargento, Todos Santos and Los Barriles will have planned development and protection of their natural areas. In the last 15 years, these delegations have experienced disorderly growth that has caused social imbalance in settlements and services. In this way, the Municipality of La Paz seeks to organize rural communities and local lands, which, due to the lack of planning and well-established regulations, were plundered by people alien to the welfare and quality of life of the municipality. https://lnkd.in/g2Ksh25r

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go hard or go harder

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According to Javiera Pizzoleo Barrena of Reporte Minero, the Minister of Economy of 🇨🇱 Chile announced a plan to boost the local industry in the southern Biobio Region. The announcement is due to the closure of the Huachipato steel plant, which severely affected the local economy. 🛑 However, the minister overlooks two major risks for business and investment in Biobio: 🚩 The so-called "Araucanía conflict" with terrorist groups using the Mapuche cause (Chile's southern Indigenous Peoples) as an excuse to attack private property and public goods. 🚩 Organized crime, which has expanded notoriously across the country, uses the Biobio-located San Vicente and Coronel ports for illicit activities, as the Global Initiative against Transnational Organized Crime shows. 👀 Both the local terrorists and organized crime might be related through wood and machinery robbery, as happens in 🇵🇪 Peru with illegal mining. #organizedcrime #terrorism #mapuche #chile #peru #port #illegalmining #forestry

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Exclusive Opportunity for Peruvian Investors We are excited to announce an upcoming investment opportunity tailored for high net worth individuals and family offices in Peru. Stay tuned for more details on how you can be part of a transformational venture in the hotel industry in the USA #InvestmentOpportunity #PeruInvestors #HotelDevelopment

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Our thoughts go out to all families of the victims. What’s Your Fire Safety Protocol For Handling Lithium Batteries. As Consultants We Can Offer A Free Consultation, Introduce You Too The Right Manufactures At Ex Works Prices . Just Ask Colin

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Can Inflation Explain Mexico’s Exchange Rate? A Question of PPP Theory If we take the exchange rate that was in place when President López Obrador took office and adjust it based on the inflation differential between Mexico (32.9%) and the United States (24.8%)—a 6.5% difference—we would expect the current exchange rate to be around 21.48 pesos per dollar. However, the actual exchange rate remains far below that figure. This analysis is rooted in the theory of Purchasing Power Parity (PPP), which suggests that exchange rates should adjust over time to reflect inflation differences between countries. By this logic, the peso appears stronger than PPP would predict. But is this the right approach to understanding Mexico’s currency strength? Or are there other factors influencing the peso’s resilience? The gap between theory and reality raises the question: How reliable is the PPP model for predicting long-term exchange rate trends in today's global economy?

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Empowering Panama's Economic Renaissance: Navigating Towards Prosperity In the wake of global economic shifts and impending declines in traditional revenue streams, Panama stands at a pivotal juncture. The call to action is clear: sustain and fortify the nation's investment climate to fuel a diversified economic landscape. At the recent Executive Annual Conference (CADE) in Panama City, experts from esteemed institutions such as the Inter-American Development Bank (IDB) and INCAE, alongside representatives from the Chamber of Multinational Enterprise Headquarters, converged to deliberate on Panama's economic trajectory. Key Insights: - Diversification Imperative: Amidst evolving market dynamics, Panama is urged to embrace economic diversification as a cornerstone for generating new income streams. - Emerging Sectors: Tourism, light manufacturing, and technology emerge as promising sectors ripe for expansion and innovation. - Strategic Advantages: Leveraging Panama's logistical prowess, economic stability, and dollarized economy positions the nation as an attractive destination for foreign investment. - Workforce Development: As industries evolve, investing in workforce training becomes paramount to meet the demands of a rapidly changing landscape. - Timely Action: With neighboring competitors making strides in exporting sophisticated goods, Panama must act swiftly to secure its footing in the global marketplace. - Investment Mechanisms: The Multinational Enterprise Headquarters regime and EMMA law offer avenues to attract foreign capital, while the Panama Canal serves as a strategic artery for trade and commerce. As Panama charts its course towards economic resilience, it invites stakeholders and investors alike to partake in this transformative journey. What sectors do you believe hold the greatest potential for Panama's economic diversification? Let's connect and discuss! #panama #investmentopportunities #economicdiversification https://lnkd.in/eYz-gH-U

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Interesante escuchar a Andrés Esteves de BTG, hablando en el East Hotel en el maravilloso Brickell City Centre : - You only have this kind of value creation in the US as a result of the best education ,free markets and democracy - I think the leftist wave is over in Latinamerica, it moves in waves and now we have a center and right wave. - Milei is a bit of Trump and Bolsonaro, but he knows what he talkes about, nobody has to coach him. A crazy guy but in the right direction. - Brasil has renewable energy but at low cost, not like Europe. - In the global reorganization of global logistics the US will need Mexico - Low interests rates are a dream of every president Interesante de un hombre con acceso a los líderes mundiales.

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Trade tensions and the need for more resilient supply chains are leading companies to #relocate operations to #Mexico The #nearshoring phenomenon has arrived in Mexico as one of the most relevant opportunities to boost the country's economic growth. With "400 projects ready to be developed," Mexico is consolidating itself as a strategic destination for companies seeking to move their operations closer to consumer markets, especially in the United States. At a #global level, the current context has generated an increase in demand for more efficient solutions closer to key markets, and Mexico, due to its geographic proximity and strength in the manufacturing sector, has positioned itself as one of the main recipients of this trend. Trade tensions between #China and the United States, along with the need to reduce #logistics costs and ensure more resilient supply chains, have encouraged #multinational companies to relocate their operations to Mexico, and 400 nearshoring-related projects are set to materialize in the coming years. Not only does this trend represent an investment opportunity for the country, but it also promises to boost key sectors such as industry, logistics, infrastructure, and technological development. Regions such as northern Mexico, traditionally strong in the manufacturing industry, and the south-southeast, which seeks to capitalize on its potential with projects such as the Interoceanic Train, are seeing a surge in interest from foreign investors. These projects are also aligned with the growing demand to improve local value chains, reduce dependence on international suppliers, and take advantage of the skilled labor that Mexico offers. The relocation of companies in Mexico, driven by nearshoring, will not only bring economic benefits in terms of foreign direct investment, but will also contribute to job growth and improved living standards in many regions of the country. The expectation generated around nearshoring has raised growth projections for the Mexican economy. For banks in Mexico, this wave of projects linked to nearshoring represents an unprecedented opportunity. The need for financing for new plants, logistics infrastructure and the modernization of supply chains requires strong participation from the banking sector. The arrival of new investments will contribute to economic diversification and consolidate Mexico as a key player in the global economy, at a time when the relocation of companies is a strategic priority for many international corporations. https://lnkd.in/eak8DFKS #mexico #canada #usa #china #nearshoring #friendshoring #softlanding #exports #fdi #manufacturing #datacenters #semiconductors #chips #autoindustry #supplychain #logistics #realestate #industrialrealestate #cre #industrialparks #business

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Looking to connect with experts in the Costa Rican real estate and investment property space? Reach out to Mehdi Abdesmad for a quick chat. If you want to learn more on how to purchase real estate with #crypto, DM me.

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🌟 Exciting Economic Growth Projections for Central America! 🌟 As per the latest forecasts from the IMF, Central America is set to experience a robust economic growth trajectory in the coming years. Here's a breakdown of the highlights: - Average Growth Rate: The region is projected to achieve an average economic growth rate of 3.9% in both 2024 and 2025, showcasing a slight decline compared to the 4.2% recorded in 2023. Despite this, it still surpasses the Latin American average growth rate, offering promising prospects for the region's economic vitality. - Regional Leaders: Leading the pack is Costa Rica, with a projected growth rate of 4% for the current year, followed closely by Honduras and Guatemala, each showing consistent growth trends. Nicaragua and El Salvador also exhibit steady economic expansion, contributing to the overall positive outlook for the region. - Challenges and Opportunities: While some countries may face fluctuations in growth rates, initiatives such as public and private investments, tourism promotion, and export expansion are poised to drive economic resilience and stability. - External Factors: Despite global economic uncertainties, Central America remains resilient, with conducive domestic and external conditions fostering economic growth. These include stable labor markets, controlled inflation rates, and dynamic financial intermediation, all contributing to sustained economic momentum. - The Road Ahead: As we navigate through the intricacies of economic development, it's crucial to stay vigilant and adaptable to emerging challenges and opportunities. By fostering collaboration, innovation, and strategic investments, Central America can continue its trajectory towards sustainable prosperity. What strategies do you believe are essential for Central American countries to maximize their economic potential and navigate effectively through global economic shifts? Let's discuss and envision a prosperous future together! https://lnkd.in/eafKgFbU

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In today’s economy, trust is more than a competitive advantage—it’s a critical asset. As highlighted by both the World Economic Forum and Harvard Business Publishing organizations that prioritize trust and ethics outperform their peers by fostering collaboration, driving innovation, and reducing friction in decision-making. Trust not only strengthens relationships with customers, regulators, and partners but also fuels economic growth. As leaders, we must commit to transparency, integrity, and building strong ethical foundations to ensure long-term success in an increasingly interconnected world. How is your organization embedding trust into its core strategy? #Trust #Leadership #BusinessEthics #Transparency #Innovation

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