The Special Meeting of Governors of the Inter-American Development Bank (IDB) was conducted in Mendoza, Argentina. Dyogo Oliveira, the Minister of Planning, Development and Management defended the recent upsurge of infrastructural private investments in the country. He explained the benefits of developing financial guarantee measures with the ability of improving private investments in infrastructure projects for countries in Latin America. This meeting was reported by Felipe Montoro Jens, an infrastructure project expert. The finance minister for Argentina seconded Dyogo’s ideas of leveraging private investments in Latin America. Brazil was identified as the best country for Spanish investments based on market dynamism by Spain’s Secretary of State for Economy and Business Support. Read more about Jens at baptista.com
Felipo Montoro reports that Minister Oliveira stressed on the need for new investments from the Latin American countries in an effort to achieve the Industry 4.0 Revolution. According to DyogoOliviera, investing in infrastructure prepares the countries for the fourth industrial revolution. Mr. Montoro further reports that the president of the Inter-American Development Bank claimed the less convergence of infrastructure and connectivity between the countries were the major challenges facing Latin American countries. The countries cannot achieve their desired level of industrial revolution if they do not invest in the right infrastructure.
Dyogo Oliveira mentioned that Brazil had conducted many Public Private Partnerships (PPP) for public developments. The infrastructure and financing in Brazil are in line with the objectives of the Latin American countries and the guidelines of IDB and several multinational agencies that Brazil is a member. Felipe also reports that PPPs have become common in the Caribbean and Latin America. Over the last ten years, there have been approximately 1,000 PPP infrastructure projects worth 360 billion U.S dollars. Felipe Montoro Jens concludes the report by asserting that Brazil has acquired a total of 12.9 billion dollars from IDB for infrastructure development.