Infrastructure Projects Expert, Felipe Montoro Jens, made a report on the Special meeting held by the Governers of the Inter-American Development Bank (IDB) on March 24. The meeting took place in the city of Mendoza, Argentina. It was held to discuss the private investments in infrastructure projects in Brazil. Follow Montoro Jens on Twitter.
Dyogo Oliveira, the Minister of Planning, Development and Management, suggested studies that promote more efficient solutions for project risk management and facilitate the leverage of private investments in the region. This proposition was met with support by Argentina’s finance minister and chairman of the Bank’s Board of Governers, Luis Caputo. Also, Brazil was highlighted as the priority for Spanish investment by The Secretary of State for Economy and Business Support of Spain, Garrido.
The Article by Felipe Montoro Jens also emphasizes on key points such as:
- The 4th Industrial Revolution
- Improved connectivity between countries
- IDB adapting to social demands
Minister Oliveira stated the importance of investing in a more modern infrastructure due to the challenges of building roads and sanitation to provide water. This is necessary to face the 4th Industrial Revolution in Argentina. Currently, the investments provided for Argentina are below what is necessary to meet the challenges pertaining to improved connectivity between countries. The IDB has also implemented reinforced policies of gender equality due to social demands, as well as environmental sustainability in the execution of projects.
The report also informed of several Public-Private Partnerships (PPP) for Public works made by Brazil. Minister Oliveira stated that the actions taken by the Brazilian government are in alignment with the best practices of the countries of the region and are within the guidelines and actions of the IDB and other multilateral agencies. This shows the approval of the Minister towards the actions being taken by the Brazilian government in regards to the area of infrastructure and financing.
In conclusion, the informative and well-written article by Felipe Montoro Jens stated statistical facts such as the 1,000 infrastructure PPP projects valued at $360 Billion over the last decade in Latin America and the Carribean. Despite the historic gain, many projects are unable to mobilize private capital. Check: https://www.terra.com.br/noticias/dino/veja-com-felipe-montoro-jens-a-historia-do-processo-de-privatizacao-no-brasil,4d1cfee159791826fd7c00be88ff5defx4uhd4g6.html