BELIZE-Belize presents its first global digital services investment policy.
BELMOPAN, Belize, CMC – The Belize government has unveiled the country’s first global digital services investment policy, with a focus on the Orange economy project. The policy was presented by the Office of the Prime Minister and the Ministry of Investment, through its Investment Policy and Compliance Unit, together with the Spanish consultancy firm, Congenia […] The post BELIZE-Belize presents its first global digital services investment policy. appeared first on Caribbean Times.
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BELMOPAN, Belize, CMC – The Belize government has unveiled the country’s first global digital services investment policy, with a focus on the Orange economy project.
The policy was presented by the Office of the Prime Minister and the Ministry of Investment, through its Investment Policy and Compliance Unit, together with the Spanish consultancy firm, Congenia CYL, SL.
The consultancy project, funded by the Inter-American Development Bank (IDB), seeks to develop a strategic approach to transform Belize’s Business Process Outsourcing (BPO) industry into a global digital services industry offering higher-tier services that support the long-term growth of the sector.
The approach is to identify measures, including policies, legislation, and business cases, as well as programmes and activities, that will facilitate an enabling environment for the advancement of the global digital services sector and adapt to future global demand.
The government said the country’s BPO sector employs approximately 20,000 persons, and changes in the global economic landscape, driven by the development of Artificial Intelligence (AI), are opening several opportunities to move up the value chain in the industry.
“The emphasis on the Orange economy is due to its activities, such as animation, software development, digital art, entertainment through social media platforms, gaming, etc., forming part of the higher-tier activities of the Global Digital Services sector, which shows a growth trajectory in the future,” according to a statement issued by the Ministry of Investment.
It said that the findings presented by Congenia proposed six pillars for the global development services investment policy, including: incentive framework modernization, legal and regulatory modernization, strategic transformation, cultural output visibility, creative workforce development, and digital infrastructure.
“The validation exercise was held to confirm that the policy’s technical framework integrates with the existing digital infrastructure and aligns with national priorities. The consultants also shared critical insights and strategic actions to address current gaps and strengthen sectors, including digital skills and financial services such as content monetization and international payments to Belize,” the statement added.
The post BELIZE-Belize presents its first global digital services investment policy. appeared first on Caribbean Times.
