Argentina’s Minister of Finance and Chairman of the Board of Directors, Luis Caputo was in attendance during this year’s Governor’s meeting of Inter-American Development Bank. Reporter and longtime infrastructure specialist Felipe Montoro Jens was also present. This year the IDB was held in Mendoza, Argentina in March 24th. Along with Mr. Caputa, Mr. Garrido the Secretary of State for Economy and Business Support, Mr. Dyogo Oliveira, the Minister of Planning, Development, and Management and Inter-American Development Bank’s President Luis Alberto Moreno were all present. Learn more about Felipe Montoro Jens at terra.com
Felipe Montoro Jens has been closely monitoring the state of the economy in South America including Brazil and Argentina. The governors in attendance all had the same overall theme, is the need for investments to improve the economy. Dyogo Oliveira and Luis Caputo both agreed on the importance of having investment funding go towards programs to support more public-private partnerships. Felipe reported on several PPPs in various regions that have successfully achieved many outstanding projects that benefit the public. Dyogo and Luis both agreed there must some kind of financial support to attract more private investors. Felipe Montoro Jens recently reported the Brazilian government invested over $ 40 billion towards the creation of PPPs. According to Luis and Dyogo, we need more from the private sector to stimulate more growth.
Mr. Garrido, according to Felipe said because Brazil is such an important economic powerhouse in South America all investments will be prioritized there first. Luis Alberto Moreno was able to give his opinion for the need for infrastructures improvements from investments to improve transportation channels between the countries of South America. Felipe Montoro Jens reported the IDB has already invested $12.9 billion in various loans in Brazil. The $12.9 billion is 20% higher than what was invested last year. Felipe also reported over the last ten years there has been a significant uptick in PPPs in Latina America.
Wes Edens recently joined Nassef Sawiris in an agreement to purchase significant shares in Aston Villa Football Club. Tony Xia, a Chinese businessman, acquired the club about two years ago. But, he will now serve as the chairman of the board of directors. Regarding this business agreement, he said that receiving a promotion was a humbling experience. Finding strong partners like Wes Edens and Nassef gearing to fight for the success of the club is an achievement. The club confirmed that it had injected the capital into the development of the team and the parties are going to work on the confirmation of the approvals. Aston Villa has championed the sports about seven times. But in 2016, they received relegation from the premier league. After 29 years in leading divisions, they were dropped to the second tier. This affected the team financially. That is why Wes Edens’ contribution is honored.
Far from that, Edens is a business leader with vast experience in finance and business management. He is the co-founder of Fortress Investment Group. When Edens was joining other co-founders in establishing the company, he did not oversee tremendous challenges ahead. Nevertheless, he turned out to be one of the head cheerleaders of the company. His roles at Fortress Investment Group cannot be undervalued as he has been streamlining the operations of the company since it was founded.
Wes Edens started his career at Fortress Investment Group in 1998. He was joined by four partners. Apart from that, he co-owns Milwaukee Bucks. Edens is also the owner of FlyQuest. Having started his career in 1984 when he received a degree from the Oregon University, Edens began working at Lehman Brothers where he served as the managing director. He resigned in 1993 and started working at BlackRock Asset Investors as a manager for the private equity division. He resigned in 1997. That was followed by a new chapter in his life when he co-founded Fortress Investment Group. In 2007, he helped publicize Fortress Investment Group thereby increasing its shares. Today, the company is managed by Softbank Group. Nevertheless, Wes Edens has retained his leadership position. Billionaire Sawiris, Edens to Buy Aston Villa Soccer Club
InnovaCare Chief Executive Officer Makes Headlines In Healthcare News
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