Latin America should focus on digital technologies, recommends IADB

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Latin America should focus on digital technologies, recommends IADB

Friday, July 31st 2020 – 10:30 UTC



“For too long we’ve focused on bricks, pipes and other hard assets,” said Agustin Aguerre, head of the IADB’s infrastructure department

Latin American should turn its infrastructure investment focus toward digital technologies and away from physical infrastructure to stimulate its economic recovery after the coronavirus pandemic, the Inter-American Development Bank (IADB) said on Thursday.

Increasing digitalization of public services like water, electricity and internet could lead to gross domestic product growth of 5.7% over 10 years in the region, equivalent to US$325 billion in additional income during that time, the IADB report…

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