An expert on infrastructure projects, Felipe Montoro Jens is reporting the events in the recently concluded meeting of the IDB which took place in Mendoza City in Argentina on March 24. The event is the Special Meeting of the Governors of the Inter-American Development Bank or the IDB.
At the meeting, Dyogo Oliveira, Minister of Planning, Development and Management, advocated for the increase of private investments for Brazil’s infrastructure projects. As reported by Felipe Montoro Jens, the minister emphasized the importance of the creation of financial guarantee systems that will enable the leveraging of private investments in Latin America’s infrastructure projects.Read this article at odiario.com about Felipe Montoro Jens
According to the report, Oliveira proposed that the IDB should promote studies that will identify more effective solutions for risk management of the projects and to facilitate the capabilities of private investments in this particular region. Luis Caputo, the finance minister of Argentina and also the chairman of IDB’s Board of Governors agreed with Oliveira. Spain’s Secretary of State for Economy and Business Support also agreed by highlighting the dynamic markets of Latin America and Brazil as their country’s investment priority, according to Felipe Montoro Jens’ report.
Oliveira also emphasized the need for fresh investments from the countries that support the initiatives of the IDB, indicating that it is important in facing the fourth revolution in the industry which according to him is already at hand. The minister was quoted in Jens’ report as saying that the challenge is to develop roads and sanitation that will provide water immediately while also investing in modern infrastructure to support the fourth industrial revolution.
Based on the report of Felipe Montoro Jens, minister Oliveira said that the loans extended by IDB to Brazil last year amounted to approximately $12.9 billion. This is 20 percent more than the loan amount that the bank extended in 2016.