With over 600 million people, a youthful demographic, abundant critical mineral reserves, half of the world’s biodiversity and a quarter its forests, a third of freshwater resources, and twice the global average of renewable power generation, Latin America is poised to lead the global net-zero transition. However, despite 95% of the population speaking Spanish or Portuguese, the region faces challenges such as lack of cohesion, weak interregional transportation, and lower regional exports compared to other areas.
The Inter-American Development Bank (IDB) projects a $150 billion investment (2.5% of the continent’s GDP) to close the infrastructure gap. Financing key projects in ports, airports, roads, railways, and power transmission can catalyze trade, innovation, and economic diversification in sectors like clean energy, technology, mining, and agriculture. Addressing challenges requires seizing the current demographic dividend, reinforcing domestic economic fundamentals, and promoting an investor-friendly environment marked by certainty, predictability, and transparency.
The Financial Times in collaboration with Millicom are pleased to host the Spotlight on Latin America Dinner Briefing to explore how the region can achieve its potential through key investments in infrastructure and logistics that will open new regional and international trade routes. The discussion will focus on closing the region’s infrastructure gap to enhance regional collaboration, drive economic innovation, and empower people-centered transitions, positioning Latin America as an integrated, efficient, and competitive global player.
Source link : https://spotlightlatinamericaparaguay.live.ft.com/
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Publish date : 2024-01-17 18:14:10
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