There was a special meeting that took place in Mendoza, Argentina which was hosting Governors who work in Inter-American Development Bank. During that time, Dyogo Oliveira, the minister who was heading planning, development, and management defended the issue that there was increase an increase in private investment of infrastructural projects in Brazil. He stressed that there was a need for creating a financial guarantee mechanism that is capable of leveraging the private investments which are infrastructural projects for Latin America. Visit infomoney.com to learn more.
According to Dyogo Oliveira, he proposed that IDB should be able to promote the studies which will point out as a more efficient solution to the project risk management and also help in facilitating the leverage of the private investments in their region. Argentina’s finance minister Luis Caputo and also the chairman of Banks Board of Governors collaborated with what the minister of planning’s proposed such that IDB should start working to leverage private investment. Garrido who is the secretary of state when it comes to Economy and Business support in Spain also highlighted markets of the region where he said that Brazil is a country which is prioritized for the Spanish to invest and Felipe Montoro Jen reported that.
Minister Oliveira said that there is a need for newer investment expected from the countries which should be supported by IDB and is a necessity that should face the revolution of an industry 4.0 that is on the way coming. The challenge that was there was to construct the roads and offer sanitation through clean water, but they also require to keep investing in the modern infrastructure so that they can be able to promote the coming fourth industrial revolution.
Felipe Montoro Jens said that IDB president Luis Alberto challenges are referring to infrastructure convergence and also improvement of connectivity that is between the countries because the investments are below the necessity. For the president of the bank, the region is not capable to achieve necessary development so that they can overcome the obstacles to growth without it. He also said that IDB has also adopted the new social demands and resulted to the reinforcement of policies which talk about the gender equality and environmental stability.