On 24th March an essential meeting of governors of the inter-American development Bank was held in the city of Mendoza, Argentina. The minister of planning, development and management at that time was Dyogo Oliveira who frequently defended the rapid increase of private investments like the infrastructure projects in Brazil. He took his time to emphasise on the importance of creating financial mechanisms capable of maximising the private investments in infrastructure projects for Latin America, under the leadership of the expert Felipe Montoro Jens. Dyogo Oliveira proposed that the IDB would promote studies that would give out better solutions for the projects risk management and therefore facilitate the growth of the private investments in the region.
Luis Caputo who is the finance manager and chairman of the bank’s Board of Governors together with the minister of planning’s proposal came to an agreement that the IDB should work to be able to maximise private investments in Latin America. Garrido who is the secretary of state for economy and business support of Spain emphasised on the dynamism of the markets of the region and highlighted Brazil as the best country for Spanish investments. From Minister Oliveira perspective, he saw the need for new investments from the countries with the support from the Inter-American development bank was necessary to face the industries revolution which was already coming. The main challenges highlighted by Dyogo Oliveira was now to build the roads, to provide water that would promote sanitation and the investments on new routes to encourage industrial revolution. Learn more about Felipe Montoro Jens at terra.com
Felipe Montoro’s report according to the president of the inter-American development bank was that the main challenge was the construction of infrastructure which will improve the connectivity between different countries. Moreno emphasised that the Inter-American development bank has already come up with new demands that would later result in reinforcing better policies governing the investment to provide gender equality and environmental sustainability in the project.
Oliveira noted that the Brazilian government had been looking into infrastructure and financing for development with the best practices of the countries of the region. In the news portal the minister of planning, development and management broadcasted about how Latin America had been dealing with infrastructure projects of about 1000 which was valued at $360 billion, but according to the minister despite the actual gain in money, many projects were unable to mobilise private capital.