The Inter-American Development Bank (IDB) has agreed to lend US$300 million in loan for Argentina to improve its economy through digitalization.
As part of the agreement, Argentina will draw up a digital agenda and frame regulatory measures to govern digital activity. The measures will aim to strengthen the strategy of digitalizing the public and private sectors.
“The program …. will benefit individuals and business, in particular small and medium-size companies, through a substantial improvement in productivity by digitalizing them and adopting digital technologies,” the bank said in a press release.
The country will soon put in place regulations for digital connectivity, which includes the strengthening of the legal framework for Information and Communication Technologies (ICTs), the improvement of regulation of competition in the ICT market and infrastructure development for digital inclusion.
The bank has insisted that Argentina should expand e-government services, while protecting personal data and strengthening good practices in the use of ICTs.
E-governance brings about transparency, making it easier for citizens to make use of government services. The IDB says government will also harness new technologies as part of improving the quality of public services.
Once the legal measures are put in place, government will focus on fostering innovation in private sector by persuading private companies to adopt digital technologies. Building a strong digital talent pool and promoting knowledge-based services are also part of the program.