Mapping infrastructure private investors in LAC

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There is a widespread belief among experts, practitioners and academics in LAC that when governments need to improve their fiscal balances, investment in infrastructure is one of the first items to suffer cuts. As fiscal balances can be improved by increasing revenues or reducing current or capital expenditures, the limited existing data supports the belief that in times of deteriorating fiscal balances, allocations to public infrastructure investment are cut (Calderon and Serven, 2003). In this sense, the prívate sector can contribute with much needed additional resources to help smooth the investment cycle and even more importantly, provide the additional financing required to close LAC's "infrastructure gap''. The prívate sector also has the capacity to contribute to infrastructure development with technical expertise and management skills.