IDB Governors Meet: Felipe Montoro Jens’ Report

Posted on June 23, 2018 By

The Inter-American Development Bank (IDB) recently held a meeting in Mendoza, Argentina. Felipe Montoro Jens was in attendance and gave a report of what was discussed in the March meeting.

Brazilian infrastructure projects have experienced a steady rise in investments from the private sector. DyogoOliviera, Brazil’s minister of planning, defended this trend insisting that the private sector offers a lot and Latin America governments need to rise to the occasion. Risk management projects require viable solutions and he urged the bank to finance studies that would help come up with these solutions.

Louis Caputo, the finance minister of Argentina, agreed with these sentiments. The minister who also chairs the IDB’s board also added that the private investors needed leverage from the bank.

Oliviera mentioned the imminent industry revolution that required support from the international bank. As individual countries worked to improve their infrastructure, IDB was asked to lend a hand in modernizing the systems that were already in place. Read This Article at to learn more.

The public-private partnerships (PPPs) in Brazil were also talked about in the meeting. The ministry of planning insisted that the Brazilian government did not stray from the directions set by the many agencies it has partnered with. All these were done to achieve their infrastructural goals.

More than $360 billion from PPPs had been spent on a number of projects over the last couple of years. This has not sufficiently taken care of capital for many other projects. Brazil has had to source for funds from IDB. In 2017 Brazil received close to $12.9 billion from the bank according to the report.

Felipe Montoro’s report also includes remarks from Spain’s Secretary of State, Garrido, who talked about how dynamic the Latin America market is. He further mentioned Brazil as a target for Spain’s investment plans.

Loius Alberto Moreno, president of the bank, couldn’t agree more with the views of his colleagues according to Felipe Montoro Jens. He pointed out the importance of connecting the whole region. This could be achieved if the infrastructure was made better. He talked about the evolution of IDB to conform to social demands. Felipe reported that the bank now carries out its projects in an environmentally safe manner and they are more conscious of gender equality.

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