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Una revision de los avances en la inversion en infraestructura en Latinoamerica y el papel de los fondos de pensiones privados

Author

Listed:
  • Enestor Dos Santos
  • Diego Torres Torres
  • David Tuesta

Abstract

Latinoamerica viene experimentando un periodo amplio de crecimiento. Para que esta tendencia logre expandirse en los proximos años, se requiere cerrar brechas claves que puedan limitar la productividad total de los factores y asi evitar cuellos de botella. Una de esas brechas es la de infraestructuras. Una fuente de financiamiento de estos proyectos puede provenir de un uso mas intensivo de los importantes recursos acumulados por los fondos de pensiones privados. Estos ya han venido participando de diferentes maneras en el financiamiento de este tipo de proyectos a traves de diferentes vehículos financieros. Incorporar mayor dinamismo a este tipo de financiamiento requiere realizar cambios sustanciales en los procesos de analisis socioeconomico del costo-beneficio; licitaciones transparentes, efectivas y eficientes; menor burocracia; legislaciones y procesos de regulacion que aseguren una adecuada gestion de los riesgos del proyecto en todas sus etapas; y, una regulacion que se adapte al regimen de inversion de los fondos de pensiones, que finalmente cumple un estricto rol fiduciario a favor de los ahorros de los afiliados y futuros perceptores de pension durante la vejez. Solo asi podria conseguirse un circulo virtuoso entre inversion en infraestructura de los fondos de pensiones y crecimiento economico, lo que redundaria en mayores beneficios para el pais.

Suggested Citation

  • Enestor Dos Santos & Diego Torres Torres & David Tuesta, 2011. "Una revision de los avances en la inversion en infraestructura en Latinoamerica y el papel de los fondos de pensiones privados," Working Papers 1136, BBVA Bank, Economic Research Department.
    • Handle: RePEc:bbv:wpaper:1136
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    References listed on IDEAS

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    1. Angel De la Fuente & Jose Emilio Bosca, 2011. "Gasto educativo por regiones y niveles en 2005," Working Papers 1119, BBVA Bank, Economic Research Department.
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    More about this item

    Keywords

    infraestructura; pensiones privadas; Fondos de Pensiones;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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