Felipe Montoro Jens Reports On IDB Meeting

Felipe Montoro Jens had the privilege of covering a meeting held in Mendoza, Argentina for the Governors of the Inter-American Development Bank (IDB) which met to discuss the importance of private investments for Brazil and the effects it could have on its infrastructure projects. Dyogo Oliveira, Minister of Planning, Development, and Management, defended his belief in private investments and stressed the importance of increasing private investments for the benefit of Brazil’s infrastructure projects. Dyogo Oliveira stressed creating financial guarantee mechanisms to leverage the private investments from other countries which could then be funnelled toward infrastructure projects in Brazil and Latin America.

Oliveira has submitted a proposal calling for studies to find solutions to risk management in infrastructure projects and attract more private investments to the Latin American region. Luis Caputo, Chairman of IDB, concurs with Oliveira in prioritizing obtaining more private investments to Latin America and Brazil which has been described as a dynamic market by Spain’s Garrido, the Secretary for Economy and Business. This indicates that Spain sees Brazil as a priority market. Visit frenchtribune.com for more info.

Dyogo Oliveira, the Minister of Planning, Development, and Management believes that Brazil is due for an upcoming industrial revolution that will help Brazil, but he sees private investments as a requirement to encourage a fourth industrial revolution. According to bank president Luis Alberto Moreno the trick to making sure that there is future growth in the region is connecting with countries that are willing to invest.

For the moment Brazil has shifted its focus on creating public-private partnerships (PPPs) for private works projects. Oliveira believes that the Brazilian government has done the right thing in focusing on securing financing for development and prioritizing infrastructure projects. Though public-private partnerships are on the rise and increasing in popularity one problem when using them for public works projects is the difficulty in mobilizing private capital. Visit: http://www.consultasocio.com/q/sa/felipe-montoro-jens