Infrastructure in Latin America and the Caribbean: Recent Developments and Key Challenges

Many Latin American and Caribbean countries have spent too little on transport systems, water, sanitation, and electricity, which has hampered growth, competitiveness, and poverty reduction. Governments, overestimating the promise of private sector participation, tried to off-load too much responsibility for infrastructure financing and management, especially in the 1990s. The result has been dashed hopes, insufficient improvement in public services, and a widespread backlash against privat...