COLOMBIA ON THE RIGHT TRACK

摘要

Hindered by years of armed conflict and governmental infighting, Colombia has launched a long-awaited infrastructure development programme, set to pump $24bn into its ailing transport network and, in turn, stimulate healthy competition among its banks as they bid to provide funding.rnBogota airport's squat and squalid concrete terminal and miles of cordoned-off, dug-up roads are stark indicators as to why Colombia is pushing transport investment so hard. The country's infrastructure has long been insufficient, so the government embarked on a $24bn recession-busting programme in 2008 to tackle this problem just as the recession bit. The programme is providing a litmus test of the depth and sophistication of the local bank loan and debt markets and is starting to stimulate a private equity and fast-growing institutional asset management industry.