Economic growth allows for more investments in ICT
This year, as well as in 2016, Brazil will be the host-country of world sporting events. This is a favorable opportunity for investments in the sector, specifically for the implementation of 4G in some host-cities.
This year, as well as in 2016, Brazil will be the host-country of world sporting events. This is a favorable opportunity for investments in the sector, specifically for the implementation of 4G in some host-cities.
Currently, Brazil has a favorable opportunity in the Information and Communication Technology (ICT) sector, due to the world-scale sporting events to be held this year and in 2016. For example, the acceleration in the implementation of fourth generation mobile internet (4G) in some cities allows not only to meet the need for high-speed data transmissions, but also to increase investments in ICT.
Sao Paulo, Rio de Janeiro, and Minas Gerais are the main business centers as well as the cities with the highest rate of consumption. They are located in the Southeastern part of the country and are the states with the highest level of per capita income. Therefore, they are the most economically developed cities in the country.
ICT in Brazil is one of the sectors that contributes the most to the country's economic growth. During the past few years, that contribution exceeds more than 8 percent of the Gross Domestic Product (GDP) according to the study carried out by CAF, "Hacia la Digitalización de América Latina: las infraestructuras y los servicios TIC en la región" ("Towards Digitalization in Latin America: ICT infrastructure and services in the region").
Despite the fact that rates and taxes are high, mobile telephony and broad band services have a high adoption index among the population. The demand for e-commerce and e-banking services (for net users as well as expenditure per user) is also high, making the country stand out from the rest of the region.
In this context, one of the most relevant challenges will be the elimination of inequalities of access to ICT for the population, both at a territorial as well as socio-economic level.
CAF's more recent content
CAF, ECLAC, IDB and PAHO Promote Sustainable Development in the G20
The Regional Organizations of the Americas congratulate Brazil on its successful G20 Presidency, highlighting its leadership on key issues such as poverty, governance, and climate change. They also reaffirm their commitment to actions that promote equity and development in the region.
Urgent Call for Action to Safeguard Caribbean SIDS at CAF Symposium
As the global community grapples with the escalating climate crisis, Caribbean Small Island Developing States (SIDS) are running out of time to secure critical investments and support needed to strengthen their economies and protect vulnerable communities from the intensifying impacts of climate change. With the window to take decisive action rapidly shrinking, CAF - Development Bank of Latin America and the Caribbean, in partnership with the Commonwealth Secretariat and the Antigua and Barbuda High Commission, brought together key stakeholders for a symposium in London to address the critical vulnerabilities Caribbean SIDS face.