Public investment to boost growth

One of the main challenges facing Latin America and the Caribbean in achieving the Sustainable Development Goals (SDGs) is to increase the level of public investment. Gross fixed capital formation by the public sector is well below the levels recorded in other regions. In recent decades, the average level of investment in the region’s countries has been lower than that of the emerging and developing economies of Asia, except during the commodity boom of the 2000 decade, when the rise in international commodity prices generated abundant resources to finance investment. There is a clear gap between the region and the emerging and developing economies of Asia, not only in the level of investment, but also in the persistence of the investment effort over time.

Sustainable Development Goals:

Good Health and Well-Being

Decent Work and Economic Growth

Industry, Innovation and Infrastructure