Felipe Montoro Jens attended the Inter-American Development meeting also known as the IDB this year. Felipe Montoro Jens is a reporter, who reports on many economic related issues as they relate to Brazil and other countries that make up Latin America. In recent years, Felipe has been giving detailed reports on various developments concerning infrastructure development projects. Visit their website felipemontorojens.com to learn more.
This year the IDB meeting was held in Mendoza Argentina on March 24th. The meeting was attended by the President of the Inter-American Development, Luis Alberto Moreno. Also, the Minister of Planning attended, DyogoOliveria. Mr. Oliveria was very concerned about the country’s preparation for the fourth industrial revolution. The major issue with infrastructure project development is the lack of funding support for the private sector and the risk they take with public-private partnerships (PPP). It should be noted, reported Felipe Montoro Jens that Brazil, in particular, has really increased their dependence on PPPs to develop traditionally expensive infrastructure projects.
The Minister of Argentina and Chairman of the Bank’s Board of Governors. Luis Caputo also pointed out the need for some sort of financial safety program to stimulate more private funding investments. Since the government enacted the Federal Law 11,079 / 04 there has been a major increase in PPPs in Brazil. Felipe Montoro Jens reported on many PPPs infrastructure projects and the recent investment of R$44 billion towards many infrastructure related projects. There is an opportunity to continue these projects, but the private sector thinks the risk to reward ratio is not good enough.
Luis Alberto Moreno was really concerned about the implementation of road construction projects. The President of the Inter-American Development wanted more investments to improve the connectivity between South American countries. Garrido Secretary of State for Economy and Business Support assured during the meeting, Brazil would be prioritized during the investment process because of they have the largest economy in Latin America