Felipe Montoro Jens highlights from the IDB meeting

Brazil and South America has been affected by the repercussions of a devastating recession in recent years and has made great progress by implementing many economic plans to reverse these negative outcomes. Felipe Montoro Jens an infrastructure specialist reported on the latest effort in the quest to improve things took place on March 24th in the city of Mendoza in Argentina during the Inter-American Development meeting (IDB). Many decision makers were in attendance during the meeting, and each expressed their opinion on what efforts are needed to continue progressing towards better economic development. View felipemontorojens.com to learn more.

One of the most successful efforts implemented to encourage economic development is Public Private Partnerships (PPP). There have been many instances of PPPs creating economic opportunities and helping reduce the government deficit. Despite these success stories there need to be more financial guarantees in place for private investors. This argument was made by the Minister of Planning, Development, and Management, DyogoOliveria. The Minister made it clear during the meeting to continue the success of PPP this is a necessity. Specifically, Mr. Oliveria feels more investments are needed to explore more efficient risk management solutions, reported Mr. Montoro. This was echoed by Luis Caputo, the finance minister of Argentina and chairman of the Bank’s Board of Governors.

Felipe Montoro reported also in attendance was Secretary for Economy and Business Support of Spain, Garrido Valenzuela. Mr. Oliveria argued to Spain’s representative to invest more in economic safety nets. It was also reported by Felipe, that Garrido noted Brazil would be a priory for investments by Spain, is that Brazil is the largest economy in South America, and a healthy Brazilian economy would positively affect the entire region. Oliveria also encouraged more investments in the specific regions that are supported by the IDB, for these areas need to be ready for the Industry 4.0 revolution that is underway. Specifically, infrastructure projects relating to sanitation improvements and clean water accessibility. Oliveria highlighted the drastic increase in PPPs, not only in Latin America but the Caribbean also. According to Minister of Planning over 3 billion in investment has been made in the last 10 years. Visit: https://ideamensch.com/felipe-montoro-jens/