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dc.titleThe Infrastructure Gap in Latin America and the Caribbean: Investment Needed Through 2030 to Meet the Sustainable Development Goals
dc.contributor.authorBrichetti, Juan Pablo
dc.contributor.authorMastronardi, Leonardo
dc.contributor.authorRivas, María Eugenia
dc.contributor.authorSerebrisky, Tomás
dc.contributor.authorSolís, Ben
dc.contributor.orgunitInfrastructure and Energy Sector
dc.date.available2021-12-13T00:00:00
dc.date.issue2021-12-13T00:00:00
dc.description.abstractThe purpose of this study is to estimate the investments that Latin America and the Caribbean would need to make by 2030 in order to make progress in meeting the SDGs. The SDGs are not binding commitments for countries, but they are an internationally recognized reference on the goals they are expected to achieve in the coming years. It is important to emphasize that the estimated investments do not imply full compliance with the SDGs related to the provision of infrastructure services. In addition to the limitations that exist for the calculation of investments, which are duly explained in the document, the SDGs set out comprehensive goals that incorporate affordability, resilience and sustainability criteria that require the adoption of public policies that go beyond the investments needed to provide more and better infrastructure. In this sense, the estimates presented in the study should be interpreted as a lower bound. This estimate can be used to calculate the additional investments needed to make infrastructure services more sustainable, which could include, among others, a much greater and faster increase in the penetration of renewable energies in the regional energy matrix, transmission lines that strengthen the regional integration of electricity systems, flood control works, water and sewerage networks that are resilient to natural disasters, as well as investments in green infrastructure to ensure water quality and quantity in the context of climate change. According to the calculations of this study, by 2030 Latin America and the Caribbean needs to invest US$2,220,736 million in the water and sanitation, energy, transportation and telecommunications sectors to expand and maintain the infrastructure necessary to meet the SDGs. Of this total, 59% will need to be allocated to investments for new infrastructure and 41% to investments for maintenance and replacement of assets reaching the end of their useful life. In terms of investment effort relative to the size of the economy, Latin America and the Caribbean will need to invest at least 3.12% of its GDP in infrastructure each year until 2030. In the sectoral analysis, closing the access gap and maintaining the quality of water and sanitation services, including wastewater treatment, requires an average annual investment effort of 0.50% of regional GDP. In the electricity sector, Latin America and the Caribbean should invest 0.81% of its GDP annually to provide universal access to electricity to the entire population and to advance in the decarbonization of the electricity generation matrix in accordance with the countries' expansion programs. In the transportation sector, closing gaps in road infrastructure, airports and public transportation requires an annual investment of 1.37% of the region's GDP. Finally, in the telecommunications sector, increasing household connectivity through broadband and mobile internet technologies with 4G standard requires an average annual investment of 0.41% of GDP until 2030.
dc.format.extent139
dc.identifier.doihttp://dx.doi.org/10.18235/0003759
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/The-Infrastructure-Gap-in-Latin-America-and-the-Caribbean-Investment-Needed-Through-2030-to-Meet-the-Sustainable-Development-Goals.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/La-brecha-de-infraestructura-en-America-Latina-y-el-Caribe-estimacion-de-las-necesidades-de-inversion-hasta-2030-para-progresar-hacia-el-cumplimiento-de-los-Objetivos-de-Desarrollo-Sostenible.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectInvestment
dc.subjectInfrastructure Development
dc.subjectWater and Sanitation
dc.subjectUrban Sanitation
dc.subjectGDP Growth
dc.subjectRural Sanitation
dc.subjectGross Domestic Product
dc.subjectSanitation Service
dc.subjectMode of Transport
dc.subjectWater Affordability
dc.subjectElectricity
dc.subjectUniversal Service
dc.subjectTelecommunication
dc.subjectUrban Transport
dc.subjectAirport Infrastructure
dc.subject.jelcodeN76 - Latin America • Caribbean
dc.subject.jelcodeO18 - Urban, Rural, Regional, and Transportation Analysis • Housing • Infrastructure
dc.subject.jelcodeH54 - Infrastructures • Other Public Investment and Capital Stock
dc.subject.jelcodeQ01 - Sustainable Development
dc.subject.jelcodeL92 - Railroads and Other Surface Transportation
dc.subject.jelcodeL93 - Air Transportation
dc.subject.jelcodeL94 - Electric Utilities
dc.subject.jelcodeL95 - Gas Utilities • Pipelines • Water Utilities
dc.subject.jelcodeL96 - Telecommunications
dc.subject.keywordsinfrastructure gap;Latin America;Caribbean;SDGs;investments;water;electricity;telecommunications
dc.typeMonographs
idb.identifier.pubnumberIDB-MG-00962
idb.operationRG-E1726
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