Investment Commitments Remain Stable in Latin America While the Number of New Projects Declines
Private activity in infrastructure in Latin America and the Caribbean showed mixed results in 2008, according to just-released data from the Private Participation in Infrastructure Project database. Investment in new projects slowed in the second h...
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| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2009/12/11893289/investment-commitments-remain-stable-latin-america-number-new-projects-declines http://hdl.handle.net/10986/10953 |
| Summary: | Private activity in infrastructure in
Latin America and the Caribbean showed mixed results in
2008, according to just-released data from the Private
Participation in Infrastructure Project database. Investment
in new projects slowed in the second half of the year with
the full onset of the financial crisis. This slowdown led to
a decline in the number of projects for the entire year. The
region accounted for 26 percent of the year's total
investment commitments in developing countries, the second
largest share among developing regions. In 2008, 41
infrastructure projects with private participation reached
financial or contractual closure in eight low- or
middle-income countries in the region. These projects
involve investment commitments (hereafter, investment) of
US$14.6 billion. Infrastructure projects implemented in
previous years had additional commitments of US$25.7
billion, bringing total investment in 2008 to US$40.3
billion. That represented an increase of 2 percent from the
level reported in 2007. Investment in existing projects, up
12 percent from the level in 2007, drove the increase. |
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