Felipe Montoro Jens reports on investments in PPPs for infrastructure
This year’s IDB meeting took place in Mendoza, Argentina. The annual Inter-American Development Bank meeting was attended by Felipe Montoro Jens the infrastructure specialist and reporter. The main topics discussed where infrastructure projects and how they relate to the economy. Many South American governors were in attendance at this year’s meeting. The Brazilian government has invested a lot of time and money into the development of public-private partnerships. Felipe Montoro Jens has gathered many important details from this year’s meeting. Find out more about Jens at consultasocio.com to learn more.
Dyogo Oliveira the Minister of Planning Development and Management, was among the governors who attended this year’s meeting? Oliveira was requesting more funding towards infrastructure projects. The Industrial Revolution 4.0 needs to be built more roads and sanitation products and to provide clean water, and these will need more PPPs to be implemented. There is a need for more funding from the private sector in order to move forward on many of the infrastructure projects. It was suggested that the IBB invest in projects that will create situations to lower the risk of private investors. This is an idea that is agreed upon by the Minister of Finance and chairman of the board of directors, Luis Caputo. Also in attendance at this year’s meeting was the president of the Inter-American Development Bank, Luis Alberto.
Louis was requesting more funding, towards projects to improve the connectivity between the South American countries. The Minister of cleaning development in management also noted The IDB has loaned Brazil $12.9 billion a 20% increase from 2017. As made clear by all the governor’s in attendance more funding is needed. The Secretary of State for the economy in business support from Spain, Irene Garrido spoke about the dynamism of the markets in Brazil. Irene went on to explain that because of the importance of the Brazilian economy, they will be prioritized with all investments.