Major Investment to Drive Infrastructure and Job Creation in South America

Over the next three years, a historic investment of $2 billion will fuel infrastructure development and job creation, following an announcement by World Bank President Ajay Banga. This commitment, which adds to a $1 billion credit line from the Inter-American Development Bank (IDB), will support roads, bridges, and energy projects while strengthening the private sector, particularly small and medium-sized enterprises.

The initiative aims to enhance connectivity, expand energy solutions beyond hydroelectric power, and boost employment opportunities. Investments in rural infrastructure, alternative energy sources, and early education will also play a key role in ensuring long-term, sustainable growth.

This landmark visit by the World Bank president—the first in nearly 50 years—underscores the region’s solid economic foundations and potential for future development. Source: InfoNegocios