Proposal for the Establishment of a Multi-donor Fund to Complement the FIRII

This paper describes the proposed Regional Infrastructure Integration Fund, which would complement the already existing Fund for the Financing of Technical Cooperation for Initiatives for Regional Infrastructure Integration (FIRII). The objective of this multi-donor fund is to support the preparation of strategic infrastructure integration projects in Latin America and the Caribbean by providing financial incentives in the form of technical assistance in the following priority areas: strengthening and adopting best practices to implement regional regulatory frameworks as key incentives for regional connectivity and infrastructure investments; identifying and promoting priority investments to increase connectivity and reduce the countries' high logistics costs; expanding the FIRII's geographical focus to the Caribbean; and addressing transnational regulatory issues for key regional markets.