Publication: Investment Commitments in Latin America and the Caribbean Increased in 2007
Date
2008-12
ISSN
Published
2008-12
Author(s)
Izaguirre, Ada Karina
Jett, Alexander Nicholas
Abstract
Investment commitments to infrastructure
projects with private participation in Latin America and the
Caribbean grew by 28 percent to US$38.3 billion in 2007,
according to just-released data from the private
participation in infrastructure project database. The region
accounted for 24 percent of the year's total investment
commitments in developing countries. Despite having grown
for four consecutive years, investment commitments remained
well below the region's peak levels reached in 1997-98.
Investment in 2007 was just 44 percent of the peak in 1998.
Previously implemented projects largely drove the 2007
investment. Projects reaching financial or contractual
closure in 1990-2006 attracted US$22.3 billion, while the 46
new projects implemented in 2007 accounted for US$16
billion. Investment in physical assets amounted to US$32.5
billion. Indeed, if only investment in physical assets were
counted-that is, excluding payments to the government (such
as divestiture revenues and spectrum or concession fees)
investment in 2007 would be just 22 percent below the peak
level of 1998.
Citation
“Izaguirre, Ada Karina; Jett, Alexander Nicholas. 2008. Investment Commitments in Latin America and the Caribbean Increased in 2007. PPI Data Update; Note No. 16. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/86c6caf2-7e96-5416-bdad-48d9932401cd License: CC BY 3.0 IGO.”