LatAm investors prepare for European retreat
- From: Vol 6, Issue 12 (December 2005)
- Category: General
- Region: Americas
- Country: Argentina and Mexico
- Related Companies: Aguas Argentinas, Aguas Cordobesas, Aguas de Barcelona, Aguas de la Costa, Aguas de Santa Fé, Aguas Nuevas, Aguas Nuevo Sur Maule, America Movil, Banco de Galicia, Belize Water Services, Cascal/Biwater, Conalvias, Consorcio Financiero, Emgasud, Essbio, Esval, Fides Group, Fintech Advisory, Grupo Tasselli, Latin Aguas, Roggio Group, RWE/Thames (Water), Sedalib, Sedam Huancayo S.A., Solari Group, Southern Cross, Sta. Ingenieros SRL, Suez and Telmex
With investment in the water sector falling below 2% of GDP, and foreign private firms in a rout, there are a lot of reasons to feel pessimistic about the region’s water sector. There are also a lot of reasons to feel the worst is over.
It has been a difficult year for investment in water in Latin America. France’s Suez plans to end its Buenos Aires concession, Aguas Argentinas, and Britain’s Thames Water has been scolded for failing to meet its investment pledges in Chile, while trying to pull out of the country.
Despite strong economic growth in the region and a political ...
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