Friday, September 29, 2023

CELAC will invest in infrastructure projects in Colombia

The Ministers of Economy and Finance of the European Union and the countries of the Community of Latin American and Caribbean States (Celac) agreed to promote the European Union’s global gateway investment agenda, adopted at the EU-Celac summit in July this year.

The total amount is 45,000 million euros and would like to focus on energy, transport, infrastructure, digitalization, health, education and research projects.

“In the rotating Spanish EU Council Presidency We want to strengthen political, economic and historical relations with the countries of Latin America and the Caribbean” said Vice President and Minister of Economy and Digital Transformation of Spain, Nadia Calviño.

There will be investments in terrestrial connectivity for our country 85% of Colombians are expected to benefit by 2026.

Investments are also described in detail sustainable mobility in San José, Quito, Bogotá, Montevideo and São Paulo.

According to Celac, The European Union has identified 136 investment projects in Latin America and the Caribbean. This list shows that the Development Bank of Latin America and the Caribbean (CAF) has 70 national and regional initiatives that will contribute to reducing poverty and inequality, as well as promoting the green and fair transition and digital transformation.

It is worth noting that this investment agenda includes quarterly meetings to share best practices and discuss next steps to expand the investment agenda. The first of these meetings will take place in Brussels in the first quarter of 2024.

Nation World News Desk
Nation World News Desk
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