“You can’t really change the heart without telling a story.” - Martha Nussbaum
May 26, End Of Day
Argentina: Avancargo is a B2B trucking platform that provides carriers and shippers with better availability by connecting supply and demand. Avancargo provides transparent management towards all those involved in the logistics chain. With over 100’000 registered and audited trucks and with more than 1’000 monthly trips, Avancargo has become the household name for logistics in Southern South America.
Colombia: Alfred emerges as the one-stop-shop solution for vehicle owners. As its name states, just like Batman has an Alfred that takes care of everything so Batman can focus on being a superhero, Alfred takes care of everything related to its customer’s vehicles. This is done by making the process of requesting any maintenance service much easier and providing the required transparency/information gathering throughout the whole process.
Dive deeper into other fundraising firms in LatAm here.
IMF reports of the week
Dominican Republic: An IMF staff team conducted the 2023 Article IV Consultation discussions in the Dominican Republic and commended the country's strong and resilient economy over the past two decades, with impressive recovery from the pandemic supported by sound policies. The staff emphasized the importance of maintaining macroeconomic and financial stability in the short term, while suggesting enhancements to policy frameworks, the business climate, governance, and social safety nets for fostering inclusive growth in the medium term.
Guatemala: Has demonstrated resilience in the face of multiple crises, maintaining a solid economic foundation with prudent policies, low fiscal deficits, manageable debt levels, and strong remittance inflows. Despite a slowdown in GDP growth after a strong rebound in 2021, inflation has been gradually decreasing, but challenges persist in terms of under-executed public investment, high poverty rates, weak tax revenue, institutional gaps, and governance issues. Achieving higher and inclusive growth, advancing the reform agenda, and attracting foreign investment are crucial, with upcoming general elections in June 2023 offering potential opportunities for progress.
