Latin America's infrastructure gap is wide and deep, but a new wave of crucial projects are finally starting to fill the void. The Banker takes a look at some high-impact developments that look set to help the region's trade, energy and urbanisation needs.
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For too long, Latin America has been thwarted by its infrastructure deficit. Finally, the launch of several major projects and myriad small but no less significant ones, suggests that it is doing something about this.
The finance minister of Paraguay, German Rojas, is keep to continue the country's impressive economic performance of recent years, but is fully aware that to do this the state of its crumbling infrastructure must be addressed.
The funding of infrastructure projects by institutional investors is a topic being hotly debated right now. While the hurdles for institutional parties looking at such opportunities are many, there is a growing feeling that in such a low-interest-rate environment, their potentially high yields make them worth the risk and effort.
Governments scramble to bridge the infrastructure gap.
The Organisation for Economic Co-operation and Development may have found a new and much-needed source of infrastructure funding in pension funds, but the problem is far from solved, as governments still need to set up the framework to help them invest.
Qatar's successful bid to host the 2022 football World Cup is a testimony to the country's global ambitions. Development projects are already under way to fulfil stadia, hotel capacity and infrastructure requirements, giving a further boost to the country's already burgeoning economy.
The US is in trouble. Its infrastructure is in dire need of repair but the heavily indebted country cannot afford to pay for it. All the more surprising then that the overtures of private – and in many cases foreign – capital are being met with resistance.
Global Risk Regulator
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