Increase in Private Investments for Brazilian Projects Highlight of IDB Meeting as Reported by Felipe Montoro Jens
There was significant discussion regarding private investments increase in Brazilian infrastructure projects at the March 24 Special Meeting of Governors of the Inter-American Development Bank, or IDB, held in Mendoza, Argentina as reported by Infrastructure Projects specialist Felipe Montoro Jens.
The private investments increase was defended by DyogoOliveria, Minister of Planning, Development and Management. Oliveria pointed out the necessity of having in place a financial guarantee mechanisms with the ability to create sufficient leverage for private investments with regard to the Brazilian infrastructure projects. Learn more about Felipe Montoro Jens at terra.com
Luis Caputo, Argentinian President of the Board of Governors and finance minister, backed the recommendation for the Bank to make all efforts to leverage private investment in Brazil. The dynamics of marketing models in the region indicating the fact that Brazil is the top country for Latin American investment was presented by the Secretary of State for Economy and Business Support of Garrido, Spain.
Felipe Montoro Jens reports that Luis Alberto Moreno, president of the Inter-American Development Bank stated that the Brazilian challenge in reference to infrastructure convergence which will also improve relations between the countries as investments are at a lower level than necessary. Without this, the bank president indicated that the area will not be able to bring about the amount of development that will be required to overcome growth issues. He also called attention to the fact that the bank has met with updated social demands, resulting in the successful adaptation of policies on matters such as gender equality and the overseeing and execution of current projects in a more environmentally sustainable manner.
Minister Oliveria informed the esteemed group that if the Industry 4.0 revolution were to be adequately met the support of IDB, as well as investments from the countries of topic, would be necessary. Minister Oliveria further noted that a number of Public-Private Partnerships for public works, or PPPs, have been made by Latin America.
The Ministry of Planning, Development and Management reported that within the past year loans to Brazil by IDB totaled approximately $12.9 billion US dollars, an increase of more than 20% from 2016. It was further noted that within the last ten years there have been approximately one thousand infrastructure PPP projects with a total value of $360 billion US dollars.