In a recent article posted on Infomoney.com, Felipe Montoro Jens details what occurred in a special meeting between the Governors of the Inter-American Development Bank (IDB). The main point of discussion between the members was the necessity to increase Brazil’s private investments in infrastructure. Dyogo Oliveira, the Minister of Planning, Development, and Management voiced his desire to increase the number of private projects. He mentioned that the IDB should be focused on promoting studies that point to more efficient solutions for project risk management and facilitate private investments in the region. Luis Caputo, Argentina’s finance minister, agreed with Oliveira. Caputo stated that the need for new investments and the support of the IDB is necessary. Follow Felipe on Twitter
According to Felipe Montoro Jens, the President of the IDB, Luis Alberto Moreno, believes that investments are below what is necessary. The region will not be able to develop properly and overcome obstacles to grow without new investments. In the past the IDB has adapted to the new social demands. By adapting policies to reinforce environmental sustainability and gender equality, the execution of projects has become easier to fulfill. The Governors of the Inter-American Development Bank agreed that they will have to consider more social demands if they wish to increase Brazil’s private investments in infrastructure.
In his report, Felipe Montoro Jens emphasizes that the actions of the Inter-American Development Bank and its Governors in the fields of financing and infrastructure development are aligned with the best practices of South American counties. While Brazil has recently made several Public-Private Partnerships, they need to do more to stay ahead of the curve. Luckily, there have been over 1,000 infrastructure Public-Private Partnership projects created within the last decade. Combined these projects have been valued at more that $360 billion. Though, there have also been many projects are unable to mobilize enough private capital to be finished. This needs to change in the future. In 2017 Brazil’s Minister of Planning, Development, and Management told Felipe Montoro Jens that IDB loans to Brazil totaled approximately $13 billion. That is a whopping 20% increase in the IDB’s loan amount from 2016. Visit: https://ideamensch.com/felipe-montoro-jens/