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Infrastructure Sector Outlook for 2011
Business News Americas, Nov 2010, Pages: 14
The situation is a familiar one. Latin America is facing an infrastructure deficit on such a scale that, according to ECLAC data, just to satisfy the expected growth in demand for physical infrastructure over the next 10 years, assuming a 3.9% average annual economic growth in the region, investments equaling 4.9% of GDP in Latin America will have to be made each year. If the plan is to reach similar levels of infrastructure as those in East Asian countries during this same period, then the equivalent of 7.9% of GDP in the region will have to be invested.
The bad news is that the region doesn’t have a very good track record. In the last 15 years, Latin American countries have barely invested the equivalent of 2% of their GDP in transport infrastructure. The good news is that most of the governments in the region are aware of the problem and are taking steps to correct the deficit. Whether these measures will be enough, or whether they are the most appropriate, is another matter. But at least there is a growing awareness that the infrastructure bull needs to be taken by the horns and there are increasingly more actors interested in playing a part in the film.
This report will point out the issues that will dominate the infrastructure agenda in Latin America in 2011.
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This title is also available in the following language
Infraestructura: Tendencias 2011 (Spanish Version)
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