RIO DE JANEIRO, BRAZIL - A new report by the Inter-American Development Bank (IADB) charts a course for a massive infrastructure transformation in Latin America and the Caribbean through gains in efficiency, use of digital technologies, and a focus on quality and affordability of consumer services rather than structures.
Even small improvements in service efficiency by increasing digitalization and other actions can boost growth by 5.7 percentage points over a 10-year period. For Latin America and the Caribbean, this represents approximately $325 billion in additional income over ten years.
Infrastructure improvements will reduce inequality and help vulnerable populations . . .