Earlier this year, the Governors of the Inter-American Development Bank (IDB) met in Mendoza, Argentina to hear the side of Dyogo Oliveira, Minister of Planning, Development, and Management. For years, Oliveira wanted the surrounding countries to change their opinions about private investments in national infrastructure projects.
In countries that have free markets, this seems like a no-brainer, but that’s not the case if some countries in Central and South America. Recently, that has been changing, but for Oliveira and his supporters, it’s not improving fast enough. During the meeting, Oliveira pointed out all the positivity and advancements they could make if the IDB supported private investments.
The most important thing he pointed out was the increase of completed infrastructure projects in Brazil. It’s just common sense that private investments would allow governments and contractors to find funding much more comfortable and quicker than traditional sources. Also, supporting private investments would mean changing their entire infrastructure. Visit infomoney.com to know more about Montoro Jens.
If they could agree to create financial guarantee mechanisms, they would be capable of leveraging hundreds of private investments that they could use in infrastructure projects all over Latin America. In Oliveira’s words, the IDB should promote already-completed studies that show how private investments could be a more efficient solution for project risk management.
Oliveira is not the only one currently supporting private investments. Luis Caputo, the Finance Minister and Chairman of the Bank’s Board of Governors, agrees with Oliveira proposal. There’s also the fact that many of Brazil’s investments come from Spain.
The man reporting on this year’s meeting was Felipe Montoro. Felipe MontoroJens spoke with many attendees to get the most accurate facts possible. From his reports, things look like they could be in favor of Oliveira and his supporters. Visit :http://www.consultasocio.com/q/sa/felipe-montoro-jens