Another year of stagnation in Doing Business

Despite a few improvements, Latin America and the Caribbean have stagnated for another year in the World Bank’s annual Doing Business ranking. Despite improvement at the global level (and a few success stories in Latin America), the region has, as a whole, done less in recent years than other regions at similar levels of development to improve its score. Latin Trade spoke with Rita Ramalho, Acting Director at the World Bank’s Global Indicators Group, which includes the Doing Business report, about the region’s performance. That report, now in its 15th year, ranks 190 of the world’s economies based on how easy each country makes life for domestic small and medium business people. Countries are assigned a “Distance to Frontier” (DTF) […]

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The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]