10/24/2024 | Press release | Distributed by Public on 10/24/2024 09:22
The Inter-American Development Bank (IDB), in collaboration with Economist Impact, today launched a new edition of Infrascopio, which highlights advances in infrastructure Public-Private Partnerships (PPPs) in Latin America and the Caribbean.
The tool and report analyzes the progress of PPP programs in countries in the region, which enable the development of efficient, sustainable, and inclusive infrastructures and have made significant strides in strengthening the regulatory frameworks and institutions.
According to the IDB, infrastructure gaps in Latin America and the Caribbean exceed $250 billion annually. In the current challenging macroeconomic context, it is crucial for both the public and private sectors to jointly seize investment opportunities to address these challenges more efficiently and innovatively.
The evolution and sophistication of PPP environments and markets have led both institutions to undertake a significant methodological update on Infrascopio´s the 15th anniversary, addressing cutting-edge topics such as resilience, inclusion, performance measurement, and impact evaluation. It also includes new sectors such as social infrastructure and expands coverage to the 26 borrowing countries of the IDB.
According to the report, countries in Latin America and the Caribbean have made progress in implementing PPPs in infrastructure but still have a great opportunity to drive further improvements that benefit their citizens.
The region has attracted more than $760 billion private capital towards private infrastructure in the last 30 years, making it crucial to continue strengthening the region's capacity for developing more efficient and sustainable PPPs.
Key Findings of Infrascopio 2023/2024:
Brazil and Chile continue to lead the region with an outstanding performance, followed by well-established markets such as Colombia, Uruguay, and Peru. Infrascopio also highlights efforts of countries that have worked on strengthening their regulatory or institutional frameworks, such as Jamaica with its focus on sustainability; Panama with its project preparation strengthening; Paraguay with its first projects under the new PPP framework; Ecuador with its planning and prioritization methodologies; and Belize and Suriname with their recent PPP policies.
Infrascopio presents several key findings on the state of PPPs in Latin America and the Caribbean:
To access and learn more about Infrascopio, the country rankings, and the environment of public-private partnerships in Latin America and the Caribbean.