IADB reports recommends Latin America focus on digital infrastructure in post-Covid recovery

Latin America

A new report by the Inter-American Development Bank highlights the need 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. 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, representing around USD 325 billion in additional income, while the incomes of the poorest people would increase 28 percent more on average than the incomes of the rich. The region lags in internet penetration and download speeds are ten times slower than in OECD countries, while only one-third of countries in the region enacted or updated laws to regulate the communications sector after 2010, the report found. 

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