As part of its efforts to increase trade and investment linkages between Indonesia and Latin America and the Caribbean, the Ministry of Foreign Affairs hosted its first Indonesia Latin America and the Caribbean (INA – LAC) Business Forum held in Tangerang, Indonesia, on October 14th – 15th, 2019. Continue reading “INDONESIA – LATIN AMERICA AND THE CARIBBEAN (INA – LATAMCAR) BUSINESS FORUM”
U.S. Embassy Belmopan Announces Young Leaders of the Americas Initiative (YLAI) Professional Fellows Program to Support Entrepreneurs throughout Latin America and the Caribbean
Program Signifies Important Step in White House’s Commitment to an Entrepreneurship Network in the Americas.
Entrepreneurs! We are looking for you!
The Young Leaders of the Americas Initiative (YLAI) Professional Fellows Program, sponsored by the U.S. Department of State, is looking for 250 young entrepreneurs from Latin America and the Caribbean to bring to the United States for business and social entrepreneurship training in October and November 2016. YLAI Professional Fellows will become part of the larger YLAI Network, an online space to obtain resources and make regional connections necessary to foster positive change in their local communities. 2 U.S. EMBASSY Belmopan, Belize Office of Public Affairs
The U.S. program includes the following components:
- Opening Program in Texas and Closing Summit in Washington, D.C. featuring workshops, breakout sessions, and keynote speakers;
- Four-week individualized fellowship with counterpart companies or organizations in cities around the U.S. The participants will engage in skills-building workshops, develop or refine their own strategic plan, and participate in day-to-day operations at U.S. organizations;
- Professional development activities including entrepreneurship training and interaction with experts; and
- Ongoing support before, during, and after the YLAI Fellowship through networking, mentorship, and investment opportunities.
The program is open to entrepreneurs who meet the following criteria:
- Are between the ages of 21 and 35;
- Are a resident of Belize.
- Are eligible to receive a U.S. J-1 visa;
- Have at least 2 years of entrepreneurial/leadership experience, preferably with a startup business or social venture;
- Are proficient in reading, writing, and speaking English.
The https://ylai.state.gov/ website includes information about how to apply for the YLAI fellowship and how to sign up for the YLAI Network. Submit your application by Friday, May 20, 2016. U.S. EMBASSY Belmopan, Belize Office of Public Affairs
The Young Leaders of the Americas Initiative is a program of the U.S. Department of State. This program builds upon the success of the inaugural YLAI entrepreneurs’ project in March 2016. The YLAI Professional Fellows Program is supported in its implementation by Meridian International Center, a proud partner with Atlas Corps, Entrepreneurs’ Organization, and community-based members and universities throughout the United States. For further information, please contact the Meridian program team at YLAI@meridian.org. For press inquiries, please contact ECA-Press@state.gov.
Government officials from Belize and private sector representatives will meet in February to discuss a new Commonwealth strategy to improve the country’s business services sector.
The meeting, which will take place on 17 February in Belize City, will be an opportunity to examine the benefits of increasing the country’s business services and identify priorities for policy and institutional reform. The strategy was developed by the Commonwealth Secretariat in collaboration with the Belize Trade and Investment Development Service (Beltraide).
Businesses services cover a wide range of activities including accounting, data processing, IT-related services and telecommunications. Governments and businesses around the world outsource a proportion of these services to make efficiency gains or as part of a wider corporate strategy.
The global business services outsourcing industry is expanding in the Latin America and Caribbean region and accounts for 9% of all foreign investment in business outsourcing. More companies in large markets, such as the United States, are opting to outsource non-core business activities to countries close by that can offer services at a lower cost, creating opportunity for Belize and other countries in the region.
Shared from The Commonwealth
End of Project Evaluation (Deadline: 14 February, 2014)
Aside from Caribbean micro-states, Belize was as of 2009, the fourth most open economy in Latin America and the Caribbean. Belize’s population is small (313,000 inhabitants), which limits the size of the domestic market and potential economies of scale. The economy depends strongly on trade with the world economy, both as market for domestic production and as a source of the wide range of products that would be costly or impossible to produce domestically.
In 1997, with the support of the Caribbean Export Development Agency (CEDA), the Trade and Investment Promotion Service (TIPS) was established in 1997. This institution was mandated to be the focal point for all trade and investment information and facilitation services. In March 1997 the scope of TIPS was broadened to serve as a “one stop shop” for local and foreign investors. In the year 2000, TIPS changed its name to Belize Trade and Investment Development Services (BELTRAIDE).
BELTRAIDE’s functions include a number of responsibilities for export promotion, investment attraction and SME development. BELTRAIDE has not been able to proactively promote investments in key high growth sectors because of resource constraints. In 2009, BELTRAIDE initiated an Organizational Evaluation to assess and benchmark the organization against similar Investment and Trade Promotion Organizations in the region. This assessment constituted a starting point for analysing the institution, presented a detailed organizational analysis, including recommendations for improving strategic leadership, financial management, human resources management and development, monitoring and evaluation, Information Technology (IT) services, organizational communications, among others. However, the assessment lacked an implementation plan, and a solid analysis and recommendations on the operation of its three main functional areas (export promotion, investment attraction, and SME development) and comparisons to regional and international best practices. Continue reading “Strengthening the Institutional Architecture for Investment Attraction in Belize”