During the March 24 Special Meeting of Governors of the Inter-American Development Bank (IDB), Dyogo Oliveira discussed several important financials relating to various infrastructure projects in Brazil. Oliveira who, at the time, held the title of Minister of Planning, Development, and Management discussed the need for the bank to leverage private investments in order to improve the infrastructure of Latin America.
Luis Caputo, Argentina’s finance minister and the chairman of Inter-American Development Bank’s Board of Governors, agreed with Oliveira’s proposal. Felipe Montoro Jens, an expert who serves as the Secretary of State for Economy and Business Support of Spain, bolstered Oliveira’s proposal by noting that Brazil is the priority country for Spanish investments. Learn more about Felipe Montoro Jens at terra.com
The end result of Oliveira’s proposal is to promote the fourth industrial revolution for Latin America. When defending his proposal, Oliveira explained that he was certain that the fourth industrial revolution is already underway.
As reported by Felipe Montoro Jens, Luis Alberto Moreno, the president of the Inter-American Development Bank, noted that the challenge for Latin American company primarily comes from a shortage in necessary investments. The lack of investments is of the several challenges that the bank currently faces. In order for the bank to face these challenges, Oliveira discussed the bank’s many Public-Private Partnerships (PPPs). Oliveira believes that these are the best practices for both the bank and Latin American countries to participate in. The practices also align with the several guidelines and actions of the Inter-American Development Bank in addition to other multilateral agencies that Brazil operates with.
Oliveira noted that several Public-Private Partnerships are established in both Latin America and the Caribbean. In order to support this statement, Oliveira expanded and provided financial figures of the over 1000 Public-Private Partnerships which were valued at around $360 billion. Unfortunately, despite this valuation and historic gains, many of the Public-Private Partnerships have been unable to utilize the private capital.
Oliveira mentioned that the Inter-American Development Bank loaned Brazil nearly $12.9 billion in 2017. According to Felipe Montoro Jens, this recent loan increased 20% in comparison to the loan given by the bank in 2016. Visit: http://www.felipemontorojens.com.br/