The president of the entity indicated this at the inauguration of a series of seminars that precede the Assembly of Governors to be held this weekend in Panama City.
Ilan Goldfajn, President of the Inter-American Development Bank (IDB)affirmed this Thursday that for bridge the infrastructure gap with other developing countries and confront the “historical backwardness” suffered by the region, the countries of Latin America and the Caribbean should invest double in this area.
“We should at least double our current level of investment in infrastructure”synthesized the Brazilian, according to EFE, at the inauguration of a series of seminars on the priorities of the region, which precede the Board of Governors to be held this weekend in Panama City.
The data supporting the claims
According to IDB data, Latin America and the Caribbean (LAC) invested less in infrastructure than other regions Developing in the last decades. Specifically, the region spent 1.8% from his GDP. This figure represents, for example, less than half that of emerging Asia.
In this framework, the development bank estimates that LAC would need dedicate at least 3.12% of GDP for 10 years to meet the Sustainable Development Goals (SDGs) established in 2015 by the General Assembly of the United Nations.
The centrality of the infrastructure
infrastructure will be one of the topics that will be discussed during the annual meeting of the IDBin talks in which they will insist on the importance of “regional integration” and of the increased investment in “sustainable physical and digital infrastructure”explained goldfajn.
“We need to expand and update our physical and digital infrastructuredigital is also very important to reduce commercial and transportation costs, and also to be able to provide our citizens with the services they have legitimately demanded in recent years“, he added.
The IDB estimates that in the region only two fifths of households have Internet access and alone two thirds of the population have access to mobile bandwidth.
The president of the entity maintains that LAC suffers a “historic backwardness” on the subject of infrastructures and a “gap” both “in quantity and quality”.
Source: Ambito
