CAF: Latin America can be a “solution continent” with investments

Photo: Forbes Centroamérica

Water management, sustainable energy development, and tourism are some of the priority projects for the region, which are also advancing on a digital axis. 

Latin America can become a “continent-solution” to global problems such as food insecurity, energy transition, or climate change, but it needs more investment, the president of the Development Bank of Latin America-CAF, Sergio Díaz-Granados, told EFE last Friday.

“If we see it that way, we will find the financing channel and the technological channel to add it to the human talent of Latin America and add it to the access to natural resources” of the region, which has the equivalent of a third of the world’s fresh water and a third of the arable land, said Diaz-Granados, who traveled to Lisbon to explore possibilities of cooperation with Portugal.

Water management, sustainable energy development, and tourism are some of the priority projects for the region, which is also making progress on a digital axis.

Latin America also can produce green hydrogen and lithium batteries - CAF estimates it holds 70% of the lithium reserves for electromobility - and is a giant producer of cereals and fertilizers.

To develop all this potential, both private and public investments are necessary, stressed by Díaz-Granados, who is looking to Europe at a time of international crisis because of the war in Ukraine.

“The important thing is to see the relationship between Europe and Latin America and the Caribbean as a complementary relationship of countries that largely share principles and values and also share the ability to solve global problems,” he stressed.

Source: Forbes Staff (2022, November 04). CAF:América Latina puede ser un “continente solución” con inversiones. Forbes Centroamérica. Retrieved November 10, 2022 from https://forbescentroamerica.com/2022/11/04/cafamerica-latina-puede-ser-un-continente-solucion-con-inversiones