This years Special Meeting of Governors of the Inter-American Development Bank (IDB) occurred in late March. The individuals met up in the city of Mendoza in Argentina. Minister of Planning Dyogo Oliveira took the opportunity to strongly advocate for the trend of increased private investments in infrastructure projects in Brazil. He voiced his opinion that private investments help create vital financial guarantee mechanisms that can provide the necessary resources for infrastructure projects throughout Latin America.
He went on to propose that IDB work to leverage private investment in the region. Argentina’s finance minister and chairman of the Bank’s Board of Governors, Luis Caputo were both in support of his proposal. According to Felipe Montoro Jens, Spain’s Secretary of State for Economy and Business Support suggested that Brazil be the primary focus for Spanish investment. Brazil is the 7th largest economy in the world.
Minister Dyogo Oliveira also stressed how crucial the IDB’s involvement would be with the new industrial revolution looming. Not to mention the need for new investments from Spanish countries. There has already been many signs that the revolution has begun. Now they find themselves challenged with improving infrastructure like roads and sanitation as well as promote the fourth industrial revolution. Visit infomoney.com to learn more.
Luis Alberto Moreno, president of the Inter-American Development Bank, believes improving connectivity between countries should be a major priority. Without Latin American countries working together the region will have a tough time reaching its developmental goals. And without proper developments economical growth will be stunted.
Brazil is doing its best to carry its weight in its country’s development, securing several Public-Private Partnerships (PPPs). This is a great move considering PPPs are up in Latin America and the Caribbean. Much of what Brazil has been doing are actions the best countries in the region partake in. The nation has also aligned itself with multilateral agencies lie IDB.
Felipe Montoro Jensis one of the most reputable finance professionals in Latin America. He believes that Brazil’s private industry is on the rise. Latin America has decided to invest close to $50 billion into its economy. According to Felipe Montoro Jens the investment will be packaged into 57 projects spanning numerous sectors.