To support countries in this endeavor, the World Bank has launched the Digital Economy for Latin America (DE4LAC), an initiative that leverages the diagnostic framework developed in the context of the Digital Economy for Africa initiative. It aims to support national authorities identifying reforms and investment opportunities to accelerate the transition to an inclusive digital economy.
“Digital transformation can improve connectivity, transparency, efficiency, and quality of services for individuals, organizations, businesses and governments. Digital transformation also brings plenty of opportunities for all countries in the region to foster more dynamic, sustainable, and inclusive economic growth.”
Michel Kerf
Director for Central America & Dominican Republic, Latin America & Caribbean
Measuring success
DE4LAC assessments build on the strategic national priorities, assesses the state of digital economy development in countries in focus, and provides detailed analysis and policy recommendations to inform the reform agenda in the country. DE4LAC assessments are based on the World Bank’s Digital Economy Assessment methodology, which comprises six pillars. In line with this methodology, the assessments provide a comprehensive overview of national digital economy development across six foundational elements of a digital economy: digital infrastructure, digital platforms, digital financial services, digital businesses, digital skills, and trust environment. The diagnostic and recommendations are based on analysis of secondary data, structured interviews, surveys, and focus group discussions with key government and private sector stakeholders.
Countries
The digital economy assessments will take place in the following select countries:
