The Inter-American Development Bank meeting took place this year on March 24th in Argentina. In attendance was the infrastructure specialist, Felipe Montoro Jens. Felipe has covered many public-private-partnership projects in Brazil. Felipe Montoro Jens reported on the Belo Horizonte, LED light project and the $44 Billion investment by the Brazilian government to implement 57 projects to be focused on 22 separate sectors. This special governors meeting was held to discuss many hurdles that public-private-partnerships are faced with today. It seems the main drawback to implementing these projects is the lack of funding from the private investors. Economic experts seem to agree that there need to be safety nets in place to lower the risk of the investors for the private sector. For PPPs to be effective there needs to be an equal risk taken by the public sector in the private sector. However, there is a much higher risk-taking by the investors from the private sector. Visit on his twitter account for more updates.
The Minister of planning development in management and the Minister of Finance and chairman of the board of directors was invited to attend this years meeting. Also, the president of the Inter-American Development Bank and Secretary of State for the economy in business support. The overall expert opinion of those attended was the need for more investment from the private sector. It was reported as IDB has already invested 12.9 billion in loans to Brazil, which is up 20% from last year. Louis Caputo and Dyogo Oliveira both believe there needs to be more done to leverage the risk-taking by the private investors.
Luis Alberto Moreno, who is the president of the Inter-American Development Bank was concerned with transportation capabilities between the different countries in the continent. The delegate from Spain, who is the Secretary of State for the economy in business support Irene Garrido highlight Brazil as the first to receive any investment funds, because it is the largest economy in Latin America. Visit: https://www.terra.com.br/noticias/dino/veja-com-felipe-montoro-jens-a-historia-do-processo-de-privatizacao-no-brasil,4d1cfee159791826fd7c00be88ff5defx4uhd4g6.html