05 de junio de 2020
ÚLTIMAS NOTICIAS:
English - News

Latin America urged to focus on sustainable infrastructure

Alfonso Fernandez.

Punta Cana, Dominican Republic, May 16 (efe-epa).- Sustainable infrastructure - with an emphasis on mitigating effects of climate change - and the need to boost transparency in projects were the main themes here Thursday on the final day of the largest regional forum on public and private partnerships (PPPs).

"We not only believe that there is a general gap in infrastructure in Latin America, but that the quality is low," Gema Sacristan, director general of the investment arm of the Inter-American Development Bank (IDB), said.

"We want to make infrastructure that is more resistant to the effects of climate change," she said at the PPP Americas 2019 event in Punta Cana.

The official with IDB Invest, a co-organizer of the conference, said that by next year, the IDB Group wants 30 percent of projects to include elements of mitigating or adapting to climate change.

"Governments needs to understand that while sustainable infrastructure can cost a little more today, that pays off in the long run," Sacristan told EFE.

That is certainly the case in the Caribbean, one of the areas most vulnerable to climate change and a region that depends heavily on tourism as an economic engine.

Investors are also increasingly attentive to the importance of building things that endure.

"The private sector is changing a lot and very quickly. Over the last three years, they are embracing the great agendas of sustainable development. When previously, it was an issue for the multilateral organizations such as the IDB or the World Bank," Sacristan said.

Another vital element for the success of PPPs is transparency and the bolstering of regulatory frameworks.

Within Latin America, the Economist Intelligence Unit rates Chile, Colombia and Peru as providing the best environments for PPPs.

IDB figures indicate that the region currently invests only around 3.5 percent of gross domestic product (GDP) per year in infrastructure, well below the estimated 5-6 percent of GDP that studies show is needed to achieve an adequate level of development.

That means the shortfall in terms of needed infrastructure spending over the next two years will amount to roughly $150 billion region-wide.

Because Latin American and Caribbean countries lack the resources to close the gap, "it is necessary to resort to international investors, and PPPs are instruments that can provide profitable results for both parties," IDB Invest CEO James Scriven told EFE during the forum in Punta Cana.

PPP Americas 2019 brought together more than 500 public-sector representatives and private investors from across the region.

Since 2006, the IDB Group has approved more than $5.8 billion for the development of different projects in the region under PPP arrangements.

EFE

 600x350

Comentarios

Histórico de noticias
Daily COVID-19 pandemic roundup: June 4

Miami Desk, Jun 4 (efe-epa).- Here's a roundup of stories around the world related to the novel coronavirus pandemic:

Long lines, incidents in Venezuela amid short supply of Iranian gasoline

Caracas, Jun 4 (efe-epa).- In Venezuela on Thursday, people formed long lines and there were a number of incidents at filling stations, where gasoline is...

Protests vs. police brutality targeting blacks as Minneapolis weeps for Floyd

By Beatriz Pascual Macias

US sanctions on remittances threaten key income source for many Cubans

By Lorena Canto

Daily COVID-19 pandemic roundup: June 3

Miami Desk, Jun 3 (efe-epa).- Here's a roundup of stories around the world related to the novel coronavirus pandemic:

Expert panel: Pandemic shows fighting "fake news" should be joint effort

Santiago, Jun 3 (efe-epa).- Announcements on the social and media networks promoting ingesting chlorine to cure Covid-19 have shown that "fake news" can be...

Evolution of pandemic in South, Central America of great concern to WHO

Geneva, Jun 3 (efe-epa).- The World Health Organization on Wednesday said that the evolution of the coronavirus pandemic in South and Central America is of...

Pentagon chief contradicts Trump by rejecting military deployment in US

Washington, Jun 3 (efe-epa).- Defense Secretary Mark Esper attempted to distance himself from President Donald Trump on Wednesday by saying that he does not...

Daily COVID-19 pandemic roundup: June 1

Miami Desk, Jun 1 (efe-epa).- Here's a roundup of stories around the world related to the novel coronavirus pandemic:

Family-ordered autopsy confirms George Floyd died of asphyxiation

Washington, Jun 1 (efe-epa).- Two autopsies on George Floyd, the African American man who died exactly a week ago while being arrested by white Minneapolis...

Boston ex-police chief: The problem's not the police, it's systemic racism

By Jairo Mejia

4 Brazilian states begin reopening with cases, deaths still on the rise

Sao Paulo, Jun 1 (efe-epa).- Several cities in the Brazilian states of Sao Paulo, Ceara, Amazonas and Para - four of the regions hardest hit by the...

Daily COVID-19 pandemic roundup: May 31

Miami Desk, May 31 (efe-epa).- Here's a roundup of stories around the world related to the novel coronavirus pandemic:

Pro- and anti-Bolsonaro forces clash in Sao Paulo

Sao Paulo, May 31 (efe-epa).- Groups supporting and opposing Brazilian President Jair Bolsonaro clashed on Sunday in violent disturbances amid the political...

Police behavior stirring up violence amid US protests

Washington, May 31 (efe-epa).- Across the United States on Sunday, local authorities strengthened security measures to prepare for new after-dark riots and...

SpaceX Dragon capsule docks with International Space Station

(Update: Adds comments by crew and NASA officials)

Daily COVID-19 pandemic roundup: May 28

Miami Desk, May 28 (efe-epa).- Here's a roundup of stories around the world related to the novel coronavirus pandemic:

With 101,000 deaths, US still unable to slow spread of coronavirus

Washington, May 28 (efe-epa).- The United States, now with more than 101,000 official deaths from Covid-19, on Thursday still has not been able to halt the...

FBI giving top priority to black man's death at hands of Minneapolis police

Washington, May 28 (efe-epa).- The US Department of Justice and the FBI on Thursday issued a joint statement saying that they will undertake a "robust...

Migrants held in US detention centers at the mercy of COVID-19

By Alex Segura Lozano and Laura Barros

Daily COVID-19 pandemic roundup: May 27

Miami Desk, May 27 (efe-epa).- Here's a roundup of stories around the world related to the novel coronavirus pandemic:

NASA-SpaceX launch to International Space Station scrubbed due to weather

Miami, May 27 (efe-epa).- The historic launch of the NASA-SpaceX manned mission to the International Space Station from the Kennedy Space Center in Florida...

Brazil's economic engine announces responsible resumption of activities

By Maria Angelica Troncoso

Expert: Pandemic revealing labor exploitation as in US slavery period

By Jorge Ignacio Perez