On March 24th the Governors of the Inter-American Development Bank (IDB) held a special meeting in Mendoza, Argentina to discuss private investments for Brazil. Felipe Montoro Jens reported that Dyogo Oliveira, one of Brazil’s Ministers expressed his opinion on the use of private investments to fund infrastructure projects in the country. Dyogo Oliveira believes that mechanisms to leverage private investments for the use of infrastructure projects should be firmly in place. Dyogo Oliveira submitted a proposal to IDB to perform a study to find a solution for risk management and to facilitate the use of private investments in the region. Read more about Montoro Jens at mundodomarketing.com
Argentina’s finance minister Luis Caputo, who is on Inter-American Development Bank’s Board of Governors was in agreement with Dyogo Oliveira suggestion that the bank should perform a study to find the best way to use private investments for infrastructure projects. Felipe Montoro Jens reports that Garrido the Secretary of State and Business Economy for Spain explained that Brazil is a dynamic market and a priority for Spanish investments. Minister Dyogo Oliveira believes that IDB’s support of foreign investment is necessary for Brazil to face the 4th industrial revolution. Oliveira believes this revolution is on its way, and the challenge is to build roads, sanitation for water, and invest in modern infrastructure.
According to IDB’s President, Luis Alberto Moreno, Latin America faces a challenge in creating uniform infrastructure and in improving connections to other countries. This is difficult because investments are below what is necessary to make all of the improvement to the infrastructure. Without an increase in private investments, Brazil won’t be able to develop and overcome obstacles that hinder its growth.
To meet the demands for more funding, Brazil has formed several public-private partnerships (PPP’s) for public works. Felipe Montoro Jens believes that the government is doing the best for Brazil on focusing on infrastructure and development.