May 1, 2001
By three o'clock in the afternoon, the pollution in Mexico City has become almost intolerable. Smog levels reach their peak as school buses hit the streets and millions of workers jam the city's roads on their way to lunch. Traffic congestion became a part of daily life in Mexico City years ago, but the situation is going from bad to worse as car ownership rises, and the growing number of vehicles overwhelms the city's roads and highways.
Outside of Mexico City however, the scene is different. In the early 1990s, the government of Carlos Salinas handed out contracts to Mexico's private-sector construction and engineering companies to build a 6,500-kilometer network of toll roads to ope
Latin America needs to invest in infrastructure and the region's financial system lacks the breadth and depth to finance companies. Pension funds have plenty of capital, but often lack investment opportunities.