{"id":3511,"date":"2026-03-19T23:52:07","date_gmt":"2026-03-20T05:52:07","guid":{"rendered":"https:\/\/www.cesaraddario.com\/?page_id=3511"},"modified":"2026-05-12T17:54:25","modified_gmt":"2026-05-12T23:54:25","slug":"analisis-de-medios-upi","status":"publish","type":"page","link":"https:\/\/cesaraddario.com\/en\/analisis-de-medios-upi\/","title":{"rendered":"An\u00e1lisis de Medios &#8211; UPI"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"3511\" class=\"elementor elementor-3511\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-801d7d9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"801d7d9\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7c8bbd5\" data-id=\"7c8bbd5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3318013 elementor-widget elementor-widget-button\" data-id=\"3318013\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a href=\"https:\/\/cesaraddario.com\/en\/\" class=\"elementor-button-link elementor-button elementor-size-sm\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t<span class=\"elementor-button-icon elementor-align-icon-left\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-left\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Back to home<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a133dbf border-bottom-shorter-blue elementor-widget elementor-widget-heading\" data-id=\"a133dbf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.9.0 - 06-12-2022 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Analysis  <br> <span class=\"title-yellow\">In the Media <\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-91b3e8e elementor-widget elementor-widget-text-editor\" data-id=\"91b3e8e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.9.0 - 06-12-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Strategic analyses on institutional frameworks, the economy, and development published in specialized media.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-f6a221c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f6a221c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-e9e2c61\" data-id=\"e9e2c61\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-75fc455 elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"75fc455\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-16 elementor-inner-column elementor-element elementor-element-3c62c7f\" data-id=\"3c62c7f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a06ce9e elementor-align-center elementor-widget elementor-widget-button\" data-id=\"a06ce9e\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a href=\"https:\/\/cesaraddario.com\/en\/todos-los-medios\/\" class=\"elementor-button-link elementor-button elementor-size-sm\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">All<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-16 elementor-inner-column elementor-element elementor-element-69f8c42\" data-id=\"69f8c42\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-96f5cef elementor-widget elementor-widget-image\" data-id=\"96f5cef\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.9.0 - 06-12-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/cesaraddario.com\/en\/forbes\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"128\" height=\"72\" src=\"https:\/\/cesaraddario.com\/wp-content\/uploads\/2026\/03\/forbes-logo.png\" class=\"attachment-large size-large wp-image-2349\" alt=\"\" srcset=\"https:\/\/cesaraddario.com\/wp-content\/uploads\/2026\/03\/forbes-logo.png 128w, https:\/\/cesaraddario.com\/wp-content\/uploads\/2026\/03\/forbes-logo-18x10.png 18w\" sizes=\"auto, (max-width: 128px) 100vw, 128px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-16 elementor-inner-column elementor-element elementor-element-411ce92\" data-id=\"411ce92\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2ab52f2 elementor-widget elementor-widget-image\" data-id=\"2ab52f2\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/cesaraddario.com\/en\/analisis-de-medios-derecho-y-negocios\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"155\" height=\"48\" src=\"https:\/\/cesaraddario.com\/wp-content\/uploads\/2026\/03\/derecho-negocio-logo.png\" class=\"attachment-large size-large wp-image-2347\" alt=\"\" srcset=\"https:\/\/cesaraddario.com\/wp-content\/uploads\/2026\/03\/derecho-negocio-logo.png 155w, https:\/\/cesaraddario.com\/wp-content\/uploads\/2026\/03\/derecho-negocio-logo-18x6.png 18w\" sizes=\"auto, (max-width: 155px) 100vw, 155px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-16 elementor-inner-column elementor-element elementor-element-fcaa87e\" data-id=\"fcaa87e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3a87457 elementor-widget elementor-widget-image\" data-id=\"3a87457\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/cesaraddario.com\/en\/analisis-de-medios-la-tribuna\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"262\" height=\"28\" src=\"https:\/\/cesaraddario.com\/wp-content\/uploads\/2026\/03\/la-tribuna-logo.png\" class=\"attachment-large size-large wp-image-2350\" alt=\"\" srcset=\"https:\/\/cesaraddario.com\/wp-content\/uploads\/2026\/03\/la-tribuna-logo.png 262w, https:\/\/cesaraddario.com\/wp-content\/uploads\/2026\/03\/la-tribuna-logo-18x2.png 18w\" sizes=\"auto, (max-width: 262px) 100vw, 262px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-16 elementor-inner-column elementor-element elementor-element-441fbae\" data-id=\"441fbae\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c45258a elementor-widget elementor-widget-image\" data-id=\"c45258a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/cesaraddario.com\/en\/analisis-de-medios-5-dias\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"112\" height=\"48\" src=\"https:\/\/cesaraddario.com\/wp-content\/uploads\/2026\/03\/drs-logo.png\" class=\"attachment-large size-large wp-image-2348\" alt=\"\" srcset=\"https:\/\/cesaraddario.com\/wp-content\/uploads\/2026\/03\/drs-logo.png 112w, https:\/\/cesaraddario.com\/wp-content\/uploads\/2026\/03\/drs-logo-18x8.png 18w\" sizes=\"auto, (max-width: 112px) 100vw, 112px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-16 elementor-inner-column elementor-element elementor-element-f42725c\" data-id=\"f42725c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-df61757 elementor-widget elementor-widget-image\" data-id=\"df61757\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/cesaraddario.com\/en\/analisis-de-medios-upi\/\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"67\" height=\"38\" src=\"https:\/\/cesaraddario.com\/wp-content\/uploads\/2026\/03\/upi-logo.png\" class=\"attachment-large size-large wp-image-2351\" alt=\"\" srcset=\"https:\/\/cesaraddario.com\/wp-content\/uploads\/2026\/03\/upi-logo.png 67w, https:\/\/cesaraddario.com\/wp-content\/uploads\/2026\/03\/upi-logo-18x10.png 18w\" sizes=\"auto, (max-width: 67px) 100vw, 67px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-b8128e1 elementor-grid-1 blog-medios elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-posts--thumbnail-top elementor-widget elementor-widget-posts\" data-id=\"b8128e1\" data-element_type=\"widget\" data-settings=\"{&quot;classic_columns&quot;:&quot;1&quot;,&quot;pagination_type&quot;:&quot;numbers_and_prev_next&quot;,&quot;classic_columns_tablet&quot;:&quot;2&quot;,&quot;classic_columns_mobile&quot;:&quot;1&quot;,&quot;classic_row_gap&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:35,&quot;sizes&quot;:[]},&quot;classic_row_gap_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;classic_row_gap_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"posts.classic\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/cesaraddario.com\/wp-content\/plugins\/elementor-pro\/assets\/css\/widget-posts.min.css\">\t\t<div class=\"elementor-posts-container elementor-posts elementor-posts--skin-classic elementor-grid\">\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-4623 post type-post status-publish format-standard hentry category-blog-medios tag-upi\">\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/www.upi.com\/Voices\/2026\/04\/30\/latam-perspectives-Uruguay-regional-leader\/1311777555295\/\" target=\"&quot;_blank&quot;\">\n\t\t\t\tUruguay: From Model Student to Regional Leader\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t30 de April de 2026\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>When Yamand\u00fa Orsi took office in March 2025, returning the Frente Amplio to power after five years in the opposition, Latin American investors were watching closely. Uruguay\u2019s sovereign debt spreads remained stable. The investment-grade ratings assigned by the major agencies remained unchanged. By regional standards, the transition was uneventful. And that is precisely the point.<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/www.upi.com\/Voices\/2026\/04\/30\/latam-perspectives-Uruguay-regional-leader\/1311777555295\/\" target=\"_blank\">\n\t\t\tRead the full article\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-4621 post type-post status-publish format-standard hentry category-blog-medios tag-upi\">\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/www.upi.com\/Voices\/2026\/04\/16\/latam-perspectives-Brazil-high-cost-of-risk\/3361776259061\/\" target=\"&quot;_blank&quot;\">\n\t\t\t\tBrazil and the high cost of risk\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t16 de April de 2026\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>In previous columns, I have argued that the high cost of capital in Latin America is primarily due to political risk and weak institutions. Brazil, the region\u2019s largest economy, is one of the clearest examples.<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/www.upi.com\/Voices\/2026\/04\/16\/latam-perspectives-Brazil-high-cost-of-risk\/3361776259061\/\" target=\"_blank\">\n\t\t\tRead the full article\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-4619 post type-post status-publish format-standard hentry category-blog-medios tag-upi\">\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/www.upi.com\/Voices\/2026\/04\/02\/latam-perspectives-Latin-America-can-lower-cost-of-capital-structural-reforms\/1001774897347\/\" target=\"&quot;_blank&quot;\">\n\t\t\t\tLatin America can lower its cost of capital, but only through reforms\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t2 de April de 2026\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>After analyzing the cost of capital across Latin America throughout this series, one conclusion stands out: the region\u2019s high financing costs are not a fixed condition. They stem from policy decisions and persistent structural weaknesses\u2014factors that can be improved over time.<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/www.upi.com\/Voices\/2026\/04\/02\/latam-perspectives-Latin-America-can-lower-cost-of-capital-structural-reforms\/1001774897347\/\" target=\"_blank\">\n\t\t\tRead the full article\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-4617 post type-post status-publish format-standard hentry category-blog-medios tag-upi\">\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/www.upi.com\/Voices\/2026\/03\/26\/latam-perspectives-cost-of-capital-Latim-America-can-lower-2030\/1551774550304\/\" target=\"&quot;_blank&quot;\">\n\t\t\t\tLatin America can lower its cost of capital by 2030\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t26 de March de 2026\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>Latin America's future growth will depend not only on politics or commodity prices, but also on a less visible yet equally decisive factor: the cost of capital.<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/www.upi.com\/Voices\/2026\/03\/26\/latam-perspectives-cost-of-capital-Latim-America-can-lower-2030\/1551774550304\/\" target=\"_blank\">\n\t\t\tRead the full article\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<article class=\"elementor-post elementor-grid-item post-4615 post type-post status-publish format-standard hentry category-blog-medios tag-upi\">\n\t\t\t\t<div class=\"elementor-post__text\">\n\t\t\t\t<h3 class=\"elementor-post__title\">\n\t\t\t<a href=\"https:\/\/www.upi.com\/Voices\/2026\/03\/19\/latam-perspectives-cost-of-capital-Panama-Paraguay\/7471773928669\/\" target=\"&quot;_blank&quot;\">\n\t\t\t\tInfrastructure and the Cost of Capital: Lessons from Panama and Paraguay\t\t\t<\/a>\n\t\t<\/h3>\n\t\t\t\t<div class=\"elementor-post__meta-data\">\n\t\t\t\t\t<span class=\"elementor-post-date\">\n\t\t\t19 de March de 2026\t\t<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-post__excerpt\">\n\t\t\t<p>Infrastructure is the backbone of any economy that aspires to grow sustainably. Roads, ports, dams, and canals require long-term capital. They require a large amount of capital and, above all, capital at a reasonable cost.<\/p>\n\t\t<\/div>\n\t\t\n\t\t<a class=\"elementor-post__read-more\" href=\"https:\/\/www.upi.com\/Voices\/2026\/03\/19\/latam-perspectives-cost-of-capital-Panama-Paraguay\/7471773928669\/\" target=\"_blank\">\n\t\t\tRead the full article\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/article>\n\t\t\t\t<\/div>\n\n\n\t\t\n\t\t\t\t<div class=\"e-load-more-anchor\" data-page=\"1\" data-max-page=\"3\" data-next-page=\"https:\/\/cesaraddario.com\/en\/wp-json\/wp\/v2\/pages\/3511\/page\/2\/\"><\/div>\n\t\t\t\t<nav class=\"elementor-pagination\" role=\"navigation\" aria-label=\"Pagination\">\n\t\t\t<span class=\"page-numbers prev\">&lt; Previous<\/span>\n<span aria-current=\"page\" class=\"page-numbers current\"><span class=\"elementor-screen-only\">Page<\/span>1<\/span>\n<a class=\"page-numbers\" href=\"https:\/\/cesaraddario.com\/en\/wp-json\/wp\/v2\/pages\/3511\/page\/2\/\"><span class=\"elementor-screen-only\">Page<\/span>2<\/a>\n<a class=\"page-numbers\" href=\"https:\/\/cesaraddario.com\/en\/wp-json\/wp\/v2\/pages\/3511\/page\/3\/\"><span class=\"elementor-screen-only\">Page<\/span>3<\/a>\n<a class=\"page-numbers next\" href=\"https:\/\/cesaraddario.com\/en\/wp-json\/wp\/v2\/pages\/3511\/page\/2\/\">Next &gt;<\/a>\t\t<\/nav>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Volver al inicio An\u00e1lisis en Medios An\u00e1lisis estrat\u00e9gico sobre institucionalidad, econom\u00eda y desarrollo publicados en medios especializados. Todos<\/p>","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-3511","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>An\u00e1lisis de Medios - UPI - C\u00e9sar Addario<\/title>\n<meta name=\"description\" content=\"An\u00e1lisis estrat\u00e9gico sobre institucionalidad, econom\u00eda y desarrollo publicados en medio Forbes\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cesaraddario.com\/en\/analisis-de-medios-upi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"An\u00e1lisis de Medios - UPI - C\u00e9sar Addario\" \/>\n<meta property=\"og:description\" content=\"An\u00e1lisis estrat\u00e9gico sobre institucionalidad, econom\u00eda y desarrollo publicados en medio Forbes\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cesaraddario.com\/en\/analisis-de-medios-upi\/\" \/>\n<meta property=\"og:site_name\" content=\"C\u00e9sar Addario\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-12T23:54:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cesaraddario.com\/wp-content\/uploads\/2026\/03\/forbes-logo.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cesaraddario.com\/analisis-de-medios-upi\/\",\"url\":\"https:\/\/cesaraddario.com\/analisis-de-medios-upi\/\",\"name\":\"An\u00e1lisis de Medios - UPI - C\u00e9sar Addario\",\"isPartOf\":{\"@id\":\"https:\/\/cesaraddario.com\/#website\"},\"datePublished\":\"2026-03-20T05:52:07+00:00\",\"dateModified\":\"2026-05-12T23:54:25+00:00\",\"description\":\"An\u00e1lisis estrat\u00e9gico sobre institucionalidad, econom\u00eda y desarrollo publicados en medio Forbes\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cesaraddario.com\/analisis-de-medios-upi\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cesaraddario.com\/#website\",\"url\":\"https:\/\/cesaraddario.com\/\",\"name\":\"C\u00e9sar Addario\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cesaraddario.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"An\u00e1lisis de Medios - UPI - C\u00e9sar Addario","description":"An\u00e1lisis estrat\u00e9gico sobre institucionalidad, econom\u00eda y desarrollo publicados en medio Forbes","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cesaraddario.com\/en\/analisis-de-medios-upi\/","og_locale":"en_US","og_type":"article","og_title":"An\u00e1lisis de Medios - UPI - C\u00e9sar Addario","og_description":"An\u00e1lisis estrat\u00e9gico sobre institucionalidad, econom\u00eda y desarrollo publicados en medio Forbes","og_url":"https:\/\/cesaraddario.com\/en\/analisis-de-medios-upi\/","og_site_name":"C\u00e9sar Addario","article_modified_time":"2026-05-12T23:54:25+00:00","og_image":[{"url":"https:\/\/cesaraddario.com\/wp-content\/uploads\/2026\/03\/forbes-logo.png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cesaraddario.com\/analisis-de-medios-upi\/","url":"https:\/\/cesaraddario.com\/analisis-de-medios-upi\/","name":"An\u00e1lisis de Medios - UPI - C\u00e9sar Addario","isPartOf":{"@id":"https:\/\/cesaraddario.com\/#website"},"datePublished":"2026-03-20T05:52:07+00:00","dateModified":"2026-05-12T23:54:25+00:00","description":"An\u00e1lisis estrat\u00e9gico sobre institucionalidad, econom\u00eda y desarrollo publicados en medio Forbes","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cesaraddario.com\/analisis-de-medios-upi\/"]}]},{"@type":"WebSite","@id":"https:\/\/cesaraddario.com\/#website","url":"https:\/\/cesaraddario.com\/","name":"C\u00e9sar Addario","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cesaraddario.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/cesaraddario.com\/en\/wp-json\/wp\/v2\/pages\/3511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cesaraddario.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cesaraddario.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cesaraddario.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cesaraddario.com\/en\/wp-json\/wp\/v2\/comments?post=3511"}],"version-history":[{"count":16,"href":"https:\/\/cesaraddario.com\/en\/wp-json\/wp\/v2\/pages\/3511\/revisions"}],"predecessor-version":[{"id":4627,"href":"https:\/\/cesaraddario.com\/en\/wp-json\/wp\/v2\/pages\/3511\/revisions\/4627"}],"wp:attachment":[{"href":"https:\/\/cesaraddario.com\/en\/wp-json\/wp\/v2\/media?parent=3511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}