Recently, the governors of the International Development Bank (IDB) held a meeting to discuss the state of the infrastructure in Brazil and the solutions. Felipe Montoro Jens gave a report on the deliberations during the event. The special meeting took place in Mendoza, Argentina. The minister of Planning, Development, and Management, Dyogo Oliveira, was in attendance. He was quick to address the concern that many people have on the increased public-private partnerships on infrastructure. The minister outlined how the government has put in place financial mechanisms to facilitate private investments. The International Development Bank has partnered with the government of Brazil to finance various infrastructural projects through loans. It is estimated that the ministry received US $12.9 in 2017. Read more about Jens at baptista.com
The amount has increased by 20% from the allocation in 2016. Felipe Montoro Jens reported that the minister stressed the need for the private sector to invest in infrastructure. Dyogo Oliveira encouraged the IDB to raise more awareness in the private sector on the best risk management strategies and promoting more private investments in the crucial sector. Through the bank’s Board of Governor’s chairman, Luis Caputo, IDB agreed to engage the private sector in an effort to improve the infrastructure. Spain’s representative, Garrido pointed out that Brazil is a good investment destination and pledged their support for the infrastructural projects as a way of boosting the bilateral ties between both countries.
According to the report by Felipe Montoro Jens, the minister for planning, Development, and Management, Brazil was focused on Industry 4.0 revolution and hence the need to partner with various stakeholders. He expressed confidence that the partnerships would play a big role in achieving the objective. He singled out the roads and sanitation as the priorities in the infrastructural transformations. He pointed out that the state of the infrastructure highly influences the process of industrial revolution. The IDB president, Luis Alberto Moreno explained the importance of improved connectivity infrastructural projects for countries in Latin-America. According to him, the current state was not sufficient to drive the industrial revolution agenda. The IDB president disclosed the policy changes that the bank has put in place to meet social needs.
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