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.