Region: Latin America and Caribbean
Country: Global / Non-Specific
Topic: Legal Framework, Financing and Risk Mitigation
Keywords: Knowledge Lab, Funding and Financing, Legal Framework
Document Link(s):
Document(s):
Document Summary:
This document is the fifth edition of an informa- tional tool and benchmarking index that assesses the capacity of countries in Latin America and the Caribbean to carry out sustainable pub- lic-private partnerships (PPPs) in infrastructure. The first study was developed in 2009 and updat- ed in 2010, 2012 and 2015; the 2017 iteration fea- tures a new methodology. The analysis and content of this index cover the period from Sep- tember 2016 to March 2017. The index was built by The Economist Intelligence Unit and is supported financially by the Inter-American Development Bank (IDB). The views and opinions expressed in this publication are those of The Economist Intel- ligence Unit and do not necessarily reflect the official position of the IDB.
Document Details:
Major improvements in infrastructure in Latin America and the Caribbean (LAC) are needed in the next decade to sustain economic growth and social progress. According to the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), infrastructure investment in the region averaged 3.5% of GDP in the 1980s, but in subsequent decades declined to an average range of 2–3% of GDP. Moreover, the International Monetary Fund highlights that the level and quality of infrastructure in the LAC region is “inadequate and is identified as one of the principal barriers to growth and development, despite upgrades to the region’s infrastructure network over the past decade.”
The Infrascope—a tool designed to evaluate the capacity of countries to implement sustainable and efficient public-private partnerships (PPPs) in infrastructure—is intended to help countries achieve that essential improvement. The 2017 Latin American and Caribbean Infrascope measures a country’s ability to mobilise private investment in infrastructure through PPPs.
Updated: June 7, 2022