SOUTH AMERICA

Cepal slams lack of Latin America investment

15 years ago

The Economic Commission for Latin America and the Caribbean (Cepal) has criticised the lack of investment in Latin American ports, warning that existing infrastructure is inadequate to absorb increasing export potential from the region.

According to the organisation, half of Latin America’s economic development is a result of economic trade. The 21% surge in regional container traffic last year forced many governments to take measures and the increase has continued into 2011.