An important meeting of the Inter-American Development Bank Governors happened last month in the city of Mendoza, Argentina. During this meeting, DyogoOliveira who is the minister is defending the rise of private infrastructure projects in Brazil by emphasizing the benefits of having insurance that will leverage private investments in infrastructure works relating to Latin, America. This is according to a report by Felipe Montoro Jens. Jens continues to report that other ministers have stressed the idea of considering Brazil as a country for the risk management for the private investments. These ministers include Argentina’s Finance Minister and Chairman of the Head of Board of Governors of the Bank, Luis Captu and the State supporting Economy and Business secretary in Spain. Follow Montoro Jens on Twitter.
Minister Oliveira argues that there is a need for future investments done by countries funded by IDB to tackle the 4.0 revolution of the industry. He says that this 4.0 revolution is on the way. Felipe Montoro Jens says that Luis Alberto Moreno who is the CEO of Inter-American Development Bank, the issue of Latin American means converging the infrastructure and promoting counties’ relations. He goes on to say that the region may fail to attain its development goals if it lacks connectivity between nations. Moreno stresses that IDB is adapting the emerging social demands in a bid to see the execution of the projects.
Felipe Montoro Jens continues to report that according to Dyogo Oliveira, the Minister, Brazil is making various steps ahead by promoting partnerships between public and the private in public works. This is according to what is required in the efforts of promoting development in infrastructure through providing funds by the Brazilian government. News is that in Latin, America and in the Caribbean, public-private partnerships have risen. The numbers are increasing over the decades reaching to about 1000 costing around 360 billion. However, there are problems in mobilizing private capital.
Felipe Montoro Jens concludes that reports from the planning, Development and Management Ministry that Brazil has received a total of 12.9 billion U.S dollars IDP loans. This is a 20 percent increase from the previous years. Read more: https://www.terra.com.br/noticias/dino/veja-com-felipe-montoro-jens-a-historia-do-processo-de-privatizacao-no-brasil,4d1cfee159791826fd7c00be88ff5defx4uhd4g6.html