Brazil has the largest economy in all of South America. In recent years Brazil has been hit with political corruption and an economic downturn. These negative factors have caused a ripple effect throughout Latin America. Economic solutions among other important topics were discussed during the Inter-American Development Bank Governors meeting (IDB). The IDB meeting was held on March 24th in Argentina. Mr. Oliveira Dyogo, along with Luis Caputo and Luis Alberto Moreno was among the attendees reported Felipe Montoro Jens. Felipe also reported Mr. Garrido was in attendance at the meeting. Garrido is the Secretary for Economy and Business Support of Spain.
Oliveira Dyogo the Minister of Planning, Development, and Management discussed the importance of implementing systems to protect private sector investments in infrastructure projects. Dyogo encouraged the IDB to focus more attention on financial project risk, specifically on efficiency. Luis Caputo agreed with Oliveria’s proposal. Caputo is the finance minister and chairman of the IDB’s Board of Governors. Garrido recommends the investment support from Spain should focus on Brazil initially, due to the complexity and importance of the economy. Follow Felipe on Twitter
The topic of the Industry 4.0 Revolution was brought up as an important topic that needed a solution, as this time was fast approaching. Oliveira, brought to the Governor’s attention, the need for investments to support the Industry 4.0.
The president of the Inter-American Development Bank, Luis Alberto Moreno major talking points detailed the need to improve movability between South American countries. Luis Alberto Moreno highlighted the need for infrastructure enhancements and how they coincide directly with movability improvements. Moreno noted the lack of funds to support these issue and this is a major hurdle to allow growth.
Encouraging news was reported by Felipe Montoro Jens. Felipe shared during the meeting Dyogo noted the successful implementation of several public-private partnerships (PPPs) by the Brazilian government. Felipe Montoro Jens reported the strategic approach the federal government has taking to stimulate economic growth. Specifically, the PPPs were in the areas of infrastructure and financial management. With nearly 1000 PPPs implemented in Brazil, the government has invested over $360 billion. Check: http://maringa.odiario.com/politica/2018/03/veja-com-felipe-montoro-jens-cidade-mineira-investe-em-ppp-para-estimular-o-lazer-e-a-pratica-de-atividades-fisicas-da-populacao/2476577/