The Special Meeting of the Governors of the Inter-American Development Bank (IDB) was held on March 24 in Mendoza, Argentina. Speaking during the event, the Minister for Planning, Development and Management, Mr. DyogoOliviera, emphasized the importance of increasing private investments’ involvement in infrastructural development projects. Mr. Oliveira stressed the need to create financial guarantee channels to leverage private investments in these project across Latin America, reported Felipe Montoro Jens. Read more at odiario.com to learn more.
Oliveira further insisted that more research to be done to provide a solution for project risk management issues to leverage of privately-run corporations in Latin America. The minister’s proposal was seconded by Argentina’s Finance Minister and IDB Board’s Chair, Luis Alberto Moreno. Additionally, Mr. Garrido, The Secretary of State for Economy and Business Support for Spain spoke on market dynamism and stressed that Brazil is the number one priority for Spanish investments, reported Felipe Montoro Jens.
According to Oliveira, there are high prospects for the involvement of new investments with financial support from IDB, considering the lurking industry 4.0 revolution. “The problem was to construct roads and provide clean water. Also, we should consider investing in modern infrastructure to promote this industrial revolution.”
IDB President, Moreno, said the main challenge in Latin America was to converge infrastructures and to bolster the relationship among countries because currently, the number of investments is below per.
Minister Oliveira said that Brazil had completed several Public-Private Partnership deals that are currently valued at $360 billion, cited Felipe Montoro Jens’ report.
About Felipe Montoro Jens
He is a financial expert and the CEO, EnergiparCaptacao S.A. Before that, he worked as the Chair to the Concessionaria do Centro Administrativo do Distrito Federal S.A. He doubles up as a financial strategist for private corporations and public organizations.
However, he specializes in infrastructural development works. That encompasses economic waste management strategies to for companies to reduce waste so that they can be financially responsible and profitable.