The Inter-American Development Bank (IDB) oversees all the economic trends happening in Latin America. Really, nothing happens without this organization’s say-so, so it was essential for private investment supports to have their support in moving forward with their new idea for infrastructure projects across Latin America.
Leading this movement is Dyogo Oliveira, Minister of Planning, Development, and Management. He appeared before the IDB in Mendoza, Argentina on March 24 to talk his ideas for utilizing private investments. At this Special Meeting of Governors, Oliveira wanted the IDB to support his movement and help him and his followers prepare Latin America for the next industrial revolution. Read more about Montoro Jens at ideamensch.com
So far, there’s already been an increase in investments, and Oliveira wants the IDS to support more investments. By creating the right type of financial mechanism, Latin American countries can leverage private investments in their infrastructure projects.
Dyogo also says that these investments offer the most efficient solution for project risk management. The more united they stand on this proposal, the more they’ll be able to facilitate the leverage of private investments all over Latin America. Again, the end goal is preparing for the next industrial revolution.
On Oliveira’s side if Luis Caputo, Finance Minister and Chairman of IDB’s Board of Governors. He also pointed out the numerous upshots to leverage private investments in Latin America. Even the Secretary of State for Economy and Business Support of Spain chimed in, giving his support to Oliveira’s strategy. Needless to say, a lot is riding on the IDB’s decision.
So far, Brazil has already begun to leverage private investments. Brazil recently created the Public-Private Partnership, allowing them to start work on water utilities. They plan to use those investments on roads.