A special meeting was conveyed in Mendoza, Argentina on 24th of March which was held by Governors of the Inter-American Development Bank (IDB) to discuss specific issues which were arising in the sector. At the time, Dyogo Oliveira who was the Minister of Planning, Development, and Management stood up to defend the rapid increase of investments which were privately owned in most of the infrastructure projects in Brazil. Read this article at odiario.com about Felipe Montoro Jens
He highlighted the need of coming up with financial guarantee methods which will be capable of maximizing the private investments more so in the infrastructure industry and the projects being carried out in Latin America. This was all highlighted by Felipe Montoro who is an expert in infrastructure projects.
A proposal was brought forward by Dyogo Oliveira which emphasized on the need for the IDB to capitalize on studies that bring out solutions for project management which are more efficient and they facilitate the maximization of private investments around the region. The Argentinian Minister of Finance agreed with the idea brought forth by the Minister of Planning which stated that the IDB should work extensively to leverage on the private investments around the Latin America region.
Felipe Montoro Jens also reported that Brazil was selected as the country which will prioritize Spanish investments. The country was chosen by Garrido who is the secretary of state for Economy in Spain. According to Oliveira, there is a need for new investments which will be smooth if there is the support from the IDB and this will help the countries to face a revolution which is already on its way.
Dyogo further says that there is need to develop and invest more on modern infrastructure to help to achieve the industrial revolution. Felipe Montoro states that the challenges in Latin America will be aided by infrastructure and improvement of connectivity between countries and all this is according to the President of the IDB. Felipe Montoro says that the Minister has highlighted that Brazil has been able to make several partnerships in the Public-Private sector. Felipe further explains that IDB loans which were given to Brazil were about $12.9 billion and this was a 20 percent increase compared to 2016.