The Inter-American Development Bank Meeting (IDB) on March 24th was held in Mendoza Argentina this year. The IDB was attended by many top officials to discuss the efforts needed to help the economic situation in South American. Felipe Montoro Jens, the infrastructure specialist and reported attended the meeting. Luis Alberto Moreno, the president of the Inter-American Development Bank, Luis Caputo, who is currently the Minister of Finance and also the Chairman of the Board of Directors. In attendance was DyogoOliveria, the Minister of Planning, Development Management. Learn more about Felipe Montoro Jens at terra.com
The IDB meeting is an opportunity for top officials to discuss the current economic situation in the different South American economies and collaborate on what solutions are needed. This is a very important meeting because South America as a whole is dependent heavily on the economy of all the countries. During the many discussions at this year’s IDB meeting the Minister of Planning, Development Management, Dyogo shared with the attendees the need for a system in place that directly supports the private business community in their efforts of the successful implementation of pubic private partnerships. It should be noted, there has been over the last few years many successful PPP efforts throughout Brazil and South America. Despite this success, Mr. Oliveria said many projects have not been able to move forward due directly to the apprehension of the private partner investors.
Luis Caputo, the finance minister, and chairman pointed to the same issues as did Oliveria. Luis agreed, that there is a serious need for more investments to explore ways to create financial safety guarantees for private partners. Luis Caputo specifically discussed the upcoming industrial revolution and the dire need for more support to implement PPPs to prepare the country for it. Luis Alberto Moreno pointed to need for better transportation options between the different regions in South America. Visit their Website :http://www.felipemontorojens.com.br/