A Special Meeting of Governors of the IDB by Felipe Montoro Jens

A crucial meeting of the Governors of the Inter-American Development Bank has been held in Mendoza Brazil. During the meeting, Dyogo Oliveira the minister for planning and Development is explaining the need for increasing private investments in infrastructural projects in Brazil. He is emphasizing on the need to create assured financial mechanisms of financing private infrastructural investments for Latin America. Dyogo Oliveira is proposing that Inter-American Development Bank encourage the studies that target to provide more effective remedies to project risk management and also the financing of private business in the region. The chair of the IDB’s Board of Governors who doubles as the finance minister of Argentina Luis Caputo is concurring with him that the bank should finance private investments in Latin America. Learn more about Felipe Montoro Jens at terra.com

Garrido, the secretary of the State for Economy and Business Support of Spain, is emphasizing on the changing nature of the markets in the region and is pointing out Brazil as being the prioritized country for Spanish investment. Minister Oliveira sees the new investments from the countries with the support of IDB as the only necessary way to counter the industry’s 4.0 revolution which seems to be forthcoming. He is stressing on the need to invest in an updated infrastructure to promote the fourth industrial revolution . Luis Alberto Moreno, the president of the bank, is explaining the challenge of the Latin America as being the convergence of infrastructure and lack of improved connectivity between countries because investments are below the required level. He is stressing that the IDB is embracing the new social wishes and is reinforcing policies of gender equality as well as promoting environmental sustainability in executing the projects.

Minister Dyongo Oliveira is pointing out that Brazil is making numerous public partnerships for public works. He adds by saying that the steps that Brazil is taking in the area of infrastructure and finance of development agree well with the practices of other countries in the region and IDB. The ministry of planning is confirming that there have been many projects over the last decade. This is 20% more than the year 2016. Read: https://www.baptista.com.br/felipe-montoro-jens-reporta-que-brasileiros-estao-entre-os-mais-insatisfeitos-do-mundo-com-a-infraestrutura-de-seu-pais/

 

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