$10 Billion Fund Announced for South American Integration
Four Investment Banks Launch 'Routes for South American Integration' Initiative, Aiming to Improve Infrastructure and Reduce Transportation Time
- Four investment banks announced a $10 billion fund for infrastructure projects aimed at better connecting South America.
- The 'Routes for South American Integration' initiative was launched in Rio de Janeiro, with Brazil introducing a plan involving more than 120 projects.
- The funds will come from the Inter-American Development Bank, the Development Bank of Latin America and the Caribbean, the Brazilian Development Bank, and FONPLATA.
- The new infrastructure is aimed at 'significantly reducing the time of transportation of merchandise between Brazil and Asia.'
- The integration plan includes five main projects aimed at boosting connections between various South American countries.
Financial Post 
Washington Post 
Associated Press 
