According to Felipe Montoro Jens, a Latin American economic reporter, the March meeting in Mendoza, Argentina went well. Earlier this year, the Special Meeting of Governors of the Inter-American Development Bank occurred to discuss Central and South American future investments.
The primary focus of the decision was about particular attendants wanting to increase the number of private investments allowed in Brazilian infrastructure projects. Over the last few years, Brazil’s economy has grown vastly and continues growing thanks to federal support. For the longest time, Brazil’s government controlled the economy, which ended in near disaster. Visit consultasocio.com to learn more.
Now, more people are voting for Brazil to have more independent business rights. With private investments, they could create more stable financial mechanisms that would be capable of bringing in more funds for infrastructure projects. Felipe Montoro specifically noted that Dyogo Oliveira, Minister of Planning, Development, and Management fully supported the concept.
In his Oliveria’s opinion, the IDB should be supporting these types of investments rather than showing public suspicion. He also pointed out that private investments offer more efficient solutions when it comes to evaluating risk management and facilitating leverage for individual regions. Oliveira also had the support of the Bank’s Board of Governors, Luis Caputo.
They believe that opening Latin America up to private investments is the only way to facilitate the fourth industrial revolution. The old method of relying on the government to step in a complete all the necessary infrastructure reconstruction wasn’t working, or it took too long.
Newer investments mean that all of Latin America would need to invest in more modern infrastructure. As Felipe MontoroJens continued, he pointed out Oliveira’s point that Brazil had already begun to make drastic changes when it adopted Public-Private Partnerships.
Learn more: http://www.felipemontorojens.com.br/