A. M. The World Bank Group’s strategic investment, through the Programa de Infraestructura Regional de Comunicaciones en el Caribe (CARCIP) and Proyecto de Transformación Digital del Caribe (CARDTP), is restructuring the region’s digital economy. This initiative has increased high-speed internet coverage to over 75%. This achievement translates into key growth and competitiveness indicators that drive development.
Human Capital and Employment Creation
Training efforts have addressed the digital talent shortage. More than 11,000 people earned IT/ITES certifications, raising the employment rate for those with technical qualifications to 65%.
This human capital development had a direct impact on the labor market: nearly 5,000 new jobs were created in the ICT sector. Furthermore, graduates reported salary increases of approximately 19%, injecting greater purchasing power into local economies.
Trade and capital mobilization
Support for digital infrastructure translated into a significant trade boost. In Nicaragua, the mobilization of USD 45 million by public and private partners was key to boosting ICT exports from 11.2% to 21.8% of total exports.
In addition, entrepreneurship received support: more than 250 companies received consulting or equipment support, and 63 ICT-based solutions were implemented through nine innovation centers. Inclusion is also an important economic factor, as women make up to 54% of new broadband users.
Investment in resilient infrastructure and specialized training is transforming the Caribbean from a region with outdated infrastructure to a competitive and attractive digital hub for future investment.
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