Rising Voices note: This is the first project update written by our grantee project in Peru as part of the Rising Voices Amazonia initiative. Every month, grantees will write a blog post highlighting their progress.
Infrastructure plays a key role in promoting economic growth and development. Infrastructure is considered as a priority sector for investment in the Indian Ocean Rim Association for Regional Cooperation (IOR-ARC). Due to low domestic savings most of the member states in the region are quite dependent on foreign investment for capital formation.