$250 billion needed for water in Latin America/Caribbean

   The Latin America and Caribbean (LAC) region needs $250 billion U.S. in investment to meet its needs for comprehensive water and wastewater infrastructure, according to a recent report by the multilateral development bank Corporación Andina de Fomento (CAF; Altamira, Venezuela). “This level of investment is necessary to achieve 100% coverage of drinking water; 94% for sewerage; and 85% of urban areas served by rainwater drainage networks,” the report concluded. Over the past 50 years, the LAC region has achieved water supply coverage of approximately 80% and sewer infrastructure coverage of 75% in practically all countries, the report said. However, it added, “a modern approach to public service delivery, in which the planning, policies, regulations, and service provision recognize different actors,” is needed to extend that coverage.