Earlier this year, the governors of the Inter-American Development Bank (IDB) held deliberations on infrastructure. The meeting took place in Argentina. The attendees included prominent government officials. The Brazilian minister of Planning and Development, Dyogo Oliveira stressed the need for the government to facilitate private investments in infrastructure. According to the report by Felipe Montoro Jens, the minister disclosed that the government had created financial mechanisms to encourage private infrastructural investments in the country. The minister challenged IDB to partner with educational institutions to come up with curriculums that focus on better solutions in the management of projects. The chairman of IDB’s board of governors, Luis Caputo, also supported the idea that the bank should come up with mechanisms that facilitate private investments in infrastructure in Latin America. Spain’s secretary of state for Economy and Business Support talked about the changes in the regional markets and expressed confidence in Brazil as a good investment destination. Visit infomoney.com to know more about Montoro Jens.
The Brazilian minister, Dyogo Oliveira said that the IDB should help the countries in Latin America in their aim to improve the infrastructure. According to him, the initiative would enable the nations to meet the objectives of the fourth industrial revolution such as building modern roads and improving the sanitation projects. The president of the Inter-American Bank pointed out that there was a need for Latin America to link their infrastructural projects. According to him, the infrastructure was not well developed in the region. He encouraged the countries to eliminate the barriers between them to boost trade and investments. The IDB’s president highlighted the social reforms that the institution had adopted. For example, there are policies to promote gender equality and the conservation of the environment. Felipe Montoro Jens reported that more than 1,000 projects had been completed over the last ten years after successful partnerships between the government and the private sector.