Advancing economic recovery in the Americas through
entrepreneurship and innovation

 “Under the leadership of the Government of Ecuador as Chair Pro Tempore of the Inter-American Competitiveness Network (RIAC), we will undertake a coordinated regional agenda focused on digital transformation at the core; as an essential pillar for economic recovery to address the economic havoc following the COVID-19 pandemic. The serious impacts in the region’s economies require that the Member States  of the Organization of American States (OAS) progressively rebuild their societies and reorient their competitiveness agendas”.

Hon. María Alejandra Muñoz
Vice President of the Republic of Ecuador
Chair Pro Tempore of the Inter-American Competitiveness Network (RIAC)

During the Americas Competitiveness Forum to be hold in February 2021, a new competitiveness regional agenda for the Americas will be pursue. The RIAC will provide the platform for Member States to the OAS respond to the call to action in the context of the pandemic to urgently design and implement policies, strategies, and programs aimed to reducing vulnerability and develop long term resilient jointly with strategic partners.

During the Chairmanship Pro Tempore of RIAC, the efforts of the Inter-American Competitiveness Network (RIAC) 2020-2021, will focus on the following objectives:

1. Strengthen regional collaboration through RIAC’s initiatives, such as the Americas Competitiveness Exchange (ACE) – The Premier Economic Development, Innovation, and Entrepreneurial Network, the Group of Experts on Subnational Competitiveness (GTECS), and the RIAC Covid-19 Ideas Accelerator;

2. Continue the implementation of the Americas Competitiveness Forum (ACF) the main gathering of leaders of the Americas with countries’ leaders from the public, private, and academic sectors; the RIAC Plenary Meeting of Ministers, High-Level Authorities and Competitiveness Councils of the Americas and other related meetings for considerations such as exchanges on business, investment, and commercial opportunities; ACE program meet-ups, trainings and exchanges with experts from GTECS;

3. Update the 10 General Principles of Competitiveness, approved by the Consensus of Santo Domingo in 2011, as part of the competitiveness agenda for the Americas 2020-2021, to include key topics to advance economic development, innovation, and entrepreneurship;

4. Promote the exchange of best practices on resiliency and economic recovery, to address the challenges generated by the pandemic through initiatives such as the RIAC Ideas Covid-19 Accelerator, the ACE program, GTECS activities and other actions;

5. Improve regional capacities for decision-making and prioritization on competitiveness matters, through studies and data-driven tools in collaboration with the Technical Secretariat, mainly focused on strategic sectors of each country to promote the economic recovery Post-COVID-19. The research and tools will assess, for example, the vulnerability and resiliency considering a timeframe that includes conditions prior, during, and after the health emergency;

6. Promote the exchange of knowledge and accelerate the creation of strategic partnerships in the Americas convening high-level authorities on competitiveness, economic development, innovation, and entrepreneurship to meet at the ACF with top leaders from the private, academic, and entrepreneurship;

7. Expand the efforts of the RIAC on gender equality to foster competitiveness with equal opportunities for participation in economic activities and promote the participation of underrepresented groups to have an active and relevant presence;

8. Enhance public-private collaboration on competitiveness matters to strengthen economic resiliency, including strategic geographic location, energy sources, diverse natural and minerals resources, water and fertile land, and a demographic pool with creative youth with entrepreneurial spirit.

Inter-American Competitiveness Network (RIAC)