The infrastructure specialist and well-respected reporter Felipe Montoro Jens has details from a very important meeting of the governors that took place March 24th in Mendoza Argentina. The Inter-American Development Bank (IDB) meeting is a very important gathering of governors from various regions in Latin America to discuss the economic climate and formulate ideas and strategies. This year the hottest topic was the economy and challenges stopping progress in various sectors. The Minister of Planning, Development, and Management, Dyogo Oliveira had many issues he wanted to be addressed during the meeting. Learn more on ideamensch about Montoro Jens.
Mr. Oliveira spoke about the need for an increase in investment funding directly towards infrastructure projects. As reported by Felipe Montoro Jens, there have been many infrastructure public-private partnerships implemented successfully throughout Brazil in recent years. The Minister of Planning, Development, and Management also said he feels there is a need for more efficient solutions to explore project risk and management solutions. A major issue is the private sector investors are taking on too much risk and this hurdle is really slowing progress. Mr. Oliveira also went on to discuss the industrial revolution 4.0. The revolution will require more road construction and improvements in sanitation to provide clean water. The Minister of Planning, Development, and Management also brought to the IDB the loans to Brazil in 2018 totaled $12.9 billion, which was a 20% increase from 2017.
During this year’s meeting the Minister of Finance and Chairman of the Board of Directors, Luis Caputo agreed totally with Oliveria, in there is a need to create more financial safety for the private sector. Luis Alberto Moreno who is the president of the Inter-American Development Bank spoke about the need to improve roads connecting the different countries in South America. The Secretary of State for Economy and Business Support of Spain, Garrido assured investment would be distributed to Brazil first because of the importance of their economy and dynamism of the economic situation there. Visit their websites: http://www.felipemontorojens.com.br/