Mexico, Colombia, Chile, and Peru are the countries where a greater increase in investment is expected
The Development Bank of Latin America (CAF) will hold on July 16 the conference entitled Infrastructure for the Integration of Latin America in Madrid, Spain. This conference, which will bring together members from different Latin American states directly related to economy, development and infrastructure, aims to create integration ties between the countries attending and show Latin America as an investment port, especially for the countries European.
The conference has three fundamental axes: in the first place is "Infrastructure for integration and its impact on regional productivity", where a renewed strategic agenda is proposed, which gives priority to the efficiency of investments in infrastructure and logistical integration issues. The second axi is "Financing of infrastructure in priority sectors", where emphasis will be placed on PPP (Public-Private Partnership) schemes, a priority of CAF due to its high attractiveness for Latin American national and sub-national governments, as they are presented as schemes that allow meeting the needs and facing the challenges of the different communities. Finally, there is "The impulse to investments in infrastructure and logistics", where the discussion will be taken to investment opportunities in infrastructure in Latin America.
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Investment for Air and Maritime transport in Latin America
Through studies carried out by CAF, it has been possible to identify that one of the medium and long-term needs in Latin America is investment in port centers and airports to meet the growing demands of the global market.
Given that both investments reach quite considerable amounts (53,150 million dollars for airports and 55,000 million for maritime ports for 2040), CAF has put these issues on the table and it is expected that next July 16 can reach a agreement on foreign investment to close the gap between demand and the current capacity of Latin American infrastructure.
CAF and the Spanish investment
Although the CAF Conference is focused on promoting foreign investment, as well as local integration, one of the most outstanding agents in the process of Latin American development is Spain. It is not by chance that the Conference takes place in the Iberian capital, nor is it strange that it takes place at Casa América, an entity characterized by its support for Latin American development in political, economic, artistic, and cultural matters.
On March 5, 2018, the website of the Spanish bank BBVA published an article that revealed the present intention of Spanish companies to invest in Latin American business initiatives and opportunities. This article indicates that these companies plan to increase their investment by 75% throughout 2018, which provides a hopeful outlook within the framework of the CAF Conference. Likewise, the Spanish companies involved foresee an 85% increase in their turnover in Latin America, which not only reflects an interest in the investment but also a growing and dynamic market.
Against this perspective, Mexico, Colombia, Chile, and Peru are the countries where a greater increase in investment is expected, under the framework of the policies of the Pacific Alliance. These constant intentions of investment in the market have managed to place Spain as the third largest investor in Latin America and the Caribbean with 11.8% of economic presence, only behind the United States with 25.9% and the Netherlands with the 15.9%
LatinAmerican Post | Jorga Ovalle
Translated from "La infraestructura será el foco de los latinoamericanos de la Conferencia CAF en Madrid"