Governors of the IDB convene over Brazilian infrastructure projects; Felipe Montoro Jens reports

Mendoza, Argentina – On March 24th, 2018, Governors of the Inter-American Development Bank (IDB) met to discuss the importance of private investor involvements in Brazilian infrastructure projects. Dyogo Oliveira, Minister of Planning, Development, and Management, stressed that increasing private investments to guarantee funding of the projects was of utmost importance, reports Infrastructure Projects expert Felipe Montoro Jens.

Dyogo Oliveira stated, “I propose that the IDB promote studies that point to more efficient solutions for project risk management and facilitate the leverage of private investments in the region.” Luis Caputo, Argentina’s finance minister and chairman of the IDB’s Board of Governors, agreed with Oliveira’s proposal. Brazil was highlighted as the priority country for Spanish investment, reports Felipe Montoro Jens. Read this article at odiario.com about Felipe Montoro Jens

With an impending industrial boom, the challenge of building roads and sanitation to keep up with modern developments is an important issue. New investments are needed to fund such projects while also investing in modern infrastructure to promote the fourth industrial revolution. Improving connectivity between Latin American countries is an important challenge necessary to growth, according to the president of the Inter-American Development Bank, Luis Alberto Moreno. Especially when investments are below what is necessary. Gender equality and environmental sustainability are also crucial to success due to the new societal demands. The IDB has worked to adopt new policies to ensure its success.

Brazil has made several Public-Private Partnerships for public works. Minister Dyogo Oliveira says, “The actions that the Brazilian government has been taking in the area of infrastructure and financing for development are well aligned with the best practices of the countries of the region and are very much in line with the guidelines and actions of the IDB and other multilateral agencies of which Brazil participates.”

Around 1,000 Public-Private Partnerships for public works in the last decade have valued in at US $360 billion dollars. The Ministry of Planning, however, points to the inability of many projects to mobilize private capital. They report that IDB loans to Brazil totaled around US $12.9 billion dollars last year. That’s 20% more than in 2016, concludes Infrastructure Projects expert Felipe Montoro Jens. Visit: http://www.infomoney.com.br/negocios/noticias-corporativas/noticia/7406991/felipe-montoro-jens-reporta-discussoes-reuniao-especial-governadores-bid

 

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