September 1, 2013
The simple cost of getting exports to port and onto a ship can make a crucial difference to a country’s competitiveness. It’s a problem that’s not lost on many Latin nations, where authorities are painfully aware how decrepit infrastructure remains one of the main impediments to the sustainable growth of their economies.
Colombia is one such country; it has for years pondered a range of options to improve its infrastructure. In mid-2013 it announced plans to privatize a power company, to raise cash to pay for better transport links. The move followed the setting up of a national development bank aimed at better deploying much needed financial resources, while also promoting a road building
That private sector involvement is vital for the development of infrastructure in Latin America is no secret. But enticing it has proved one of the region’s enduring challenges. By Karen Schwartz