This year’s annual Inter-American Development Bank meeting took place on March 24th in Mendoza, Argentina. Reporting from Mendoza, Argentina is Felipe Montoro Jens the infrastructure specialist and reporter. Since the federal law, passed in December 2004 Brazilian federal government has implemented more Public-private partnerships. This law dictates the rules that govern the formation of public-private partnerships. Felipe Montoro Jens has reported on any developments regarding infrastructure. Initially, many public, private partnerships had been in place and increased drastically early on after the law passed. This year’s meeting was to discuss the various obstacles that are slowing the progress of the implementation of public, private partnerships for infrastructure projects. Read this article at odiario.com about Felipe Montoro Jens
Both the Minister of planning development in management and the president of the Inter-American Development Bank were in attendance at this year’s meeting, Dyogo Oliveira and Luis Alberto Moreno respectively. Oliveira raised many concerns over infrastructure progress, referencing the Industrial Revolution 4.0 in its heavy dependence on the completion of infrastructure projects. Oliveira did acknowledge, the fact that the IDB has already loaned $12.9 billion to the Brazilian government. Luis Caputo, the minister of Finance and chairman of the board was also at the meeting this year. Luis and Oliveira agreed that there need to program in place to entice more investment from the private sector.
Luis Alberto Moreno, the president of the Inter-American Development Bank was concerned with the connectivity between the different countries in South America? As a result of the lack of investment from the private sector mini road construction projects have not moved forward. Felipe Montoro Jens has reported on mini roadwork construction projects, that involves both public and private players. There are plans to repave at 800 kilometer stretch of road as part of an investment from the Brazilian government that Felipe reported on earlier this year. Irene Garrido, who is the Secretary of State for the economy in business support was at the meeting also. Garrido projected the initial investments would go to Brazil first as it is the biggest economy, in South America.