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Fortaleza to Bolster Urban Transport System With IDB Fund

Fortaleza to Bolster Urban Transport System With IDB Fund

By Narayan Ammachchi The Inter-American Development Bank (IDB) has agreed to lend US$57.9 million to the Brazilian city of Fortaleza in order to improve and maintain its public transport system. Brazil’s most densely populated city, Fortaleza is home to about 2.45 million people and has ...

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LAC Countries Urged to Invest 6.2% of GDP on Infrastructure

LAC Countries Urged to Invest 6.2% of GDP on Infrastructure

By Narayan Ammachchi Latin American countries should annually invest more than 6% of their GDP on infrastructure development to meet their economic goals, the Economic Commission for Latin America and the Caribbean (ECLAC) suggests in its latest report. The report, prepared by ECLAC‘s Infrastructure Services ...

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Evo Morales Wins Third Term as Bolivian President

Evo Morales Wins Third Term as Bolivian President

By Narayan Ammachchi Bolivian president Evo Morales is set to be re-elected for the third term, with exit poll results showing Morales winning 60% of the vote. A socialist by nature, Morales has been credited with bringing economic and political ...

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