The first annual Ecuador Investment Summit was held on 25 October 2016 in Quito. In front of 140 foreign investors from 26 countries around the world, President Correa promoted the advantages Ecuador possesses to attract foreign investment (El Universo). Among the advantages, President Correa highlighted the country’s infrastructure, which includes major improvements in roads and highways, new hydroelectric power plants, human talent, and tax incentives. From the Investment Summit, Ecuador’s government hopes to capture more than US$40.8 billion in overall investments. The Development Bank of Latin America (CAF) and the Inter-American Development Bank have committed to Ecuador with financial help (El Telegrafo).