Brazil Infrastructure Development- Felipe Montoro Jens

International Development Bank( IDB) recently organized a special meeting of governors which took place at Mendoza, Argentina. During the meeting, Dyogo Oliveira who is the Minister of Planning Development and Management received the opportunity to defend private investors who are increasingly investing in the infrastructure sector in Brazil. During his speech, he emphasized the importance of establishing a financial guarantee which will be able for leveraging private investment in the infrastructure projects in Latin America countries. Mr. Dyogo went ahead to a proposal to the International Development Bank to assist in the promotion of leveraging of private investment as well as offering a solution for project risk management through education. For more updates, follow Felipe on Twitter.

Luis Caputo is the Finance minister in Argentina and also serves as the Chairman of the International Development Bank. During the meeting, Luis agreed with Dyogo about International Development Bank on leveraging private investment in Latin America. The reports which were offered by Felipe Montoro Jens said that Garrido who is the secretary of State for Economy and Business Support of Spain highlighted that Brazil is a priority nation for Spanish investment and also detailed about the dynamism of the market in the region. Oliveira also mentioned the need for new investment in the country with the support of the International Development Bank which will take 4.0 of the sector’s revolution which he said is coming soon. The minister for planning also noted that it was time now to offer modern infrastructure to promote the fourth industrial revolution.

Felipe Montoro Jens presented the report about the meeting, and in his statement, the Chairman of International Development Bank Luis Caputo noted that Latin America is a facing a challenge which is having investments which are below what is required, and according to Luis the country will not achieve their requirements without help from the bank. Felipe Montoro also emphasized what Dyogo Oliveria mentioned about Brazil has made various Public-Private Partnership for public works and the action that Brazil has taken go hand in hand with the best practices of the country. International Development Bank has been in the front line in assisting private investors and has given a total loan of $12.9 billion in 2016 this is according to a report by Felipe Montoro Jens.

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