Major improvements in infrastructure in Latin America and the Caribbean (LAC) are needed in the next decade to sustain economic growth and social progress. According to the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), infrastructure investment in the region averaged 3.5% of GDP in the 1980s, but in subsequent decades declined to an average range of 2–3% of GDP. Moreover, the International Monetary Fund highlights that the level and quality of infrastructure in the LAC region is “inadequate and is identified as one of the principal barriers to growth and development, despite upgrades to the region’s infrastructure network over the past decade.”
The Infrascope—a tool designed to evaluate the capacity of countries to implement sustainable and efficient public-private partnerships (PPPs) in infrastructure—is intended to help countries achieve that essential improvement. The 2017 Latin American and Caribbean Infrascope measures a country’s ability to mobilise private investment in infrastructure through PPPs.