Felipe Montoro Jens, infrastructure specialist, special report
March 24th the governors gathered for Inter-American Development Bank (IDB) in Mendoza, Argentina. Felipe Montoro Jens attended this meeting to report on the developments in the economy, public-private partnerships, infrastructure and many other economic-related things. Felipe is an infrastructure specialist, international , and reporter. Many South American countries, including Brazil, has been investing heavily in public-private partnerships and using them to bring improvements in infrastructure and other difficult, but necessary areas. Learn more on ideamensch about Montoro Jens
This year in Argentina, The Minister of Finance and Chairman of the Board of Directors Luis Caputo and The Minister of Planning, Development, and Management, Dyogo Oliveira both agreed on what is needed. They both feel there is a need for the implementation and construction of programs designed and implemented to create a financial support system of some sort designed for private sectors investments in public-private partnerships. One repeating theme at the meeting reported Felipe Montoro Jens, was the high risk for private partners, and this single factor in having a negative effect on the economy. Dyogo Oliveira also spoke of the industrial revolution 4.0, and how PPPs can be used to build the roads needed and sanitation improvements for water and overall implement modern infrastructure.
Luis Alberto Moreno, who is the president of the Inter-American Development Bank talked about improving the capability to travel between the different countries in South America. By improving the roads that connect the cities improves the economy by encouraging business across borders. Mr. Moreno also commended the IDB on their efforts to implement more gender equality with projects they invest in, which is also good for the economy. Dyogo Oliveira also highlighted Brazil being the recipient of $12.9 billion in funding from the IDB, which increased from last year by 20%. Garrido, the Secretary of State for Economy and Business Support of Spain said Brazil has the most dynamic and important economy in South America and again would receive funding first.