Latin America and the Caribbean can improve infrastructure by spending smartly on essential areas. The main focus is on setting clear goals, achieving them efficiently, and identifying who should foot the bill. The region is doing well in providing water and electricity but needs more work in transport and sanitation. Challenges such as climate change and urban growth will require smart strategies to improve infrastructure within limited funds. To succeed, the region must prioritize spending on critical needs outside just infrastructure. Recommendations include better regulations, good governance, and recovering costs for long-term financing. With these steps, Latin America has the potential to enhance its infrastructure effectively and efficiently.