Felipe Montoro Jens provided a recap of the Special Meeting of Governors of the Inter-American Development Bank (IDB), which took place on March 24. During the meeting, Minister Dyogo Oliveira stressed the importance of private investment in Brazil’s infrastructure projects. The Board of Governor’s finance minister and chairman and the Secretary of State for Economy and Business Supports of Spain both agreed with Oliveira. Read This Article at mundodomarketing.com to learn more
The main point of contention, according to Oliveira, is the need to modernize the country in accordance with the burgeoning industrial revolution. Brazil is on the cusp of what Oliveira refers to as the “Industry 4.0 Revolution.” Though they initially faced the challenge of building roads and sanitation systems, Brazil must now look ahead to the future if they wish to continue their fourth industrial revolution.
Felipe Montoro Jens also reports that Luis Alberto Moreno—president of the Inter-American Development Bank—believes the challenge faced by Latin America is in converging infrastructure. There is simply not enough investment to create a connected infrastructure system between Latin American countries, and the upcoming obstacles they will need to overcome in order to achieve said connectivity cannot be done without more private investment.
Dyogo Oliveira truly believes the Brazilian Government’s emphasis on infrastructure is in the country’s best interest. Over the last ten years, $360 billion has been spent on infrastructure, according to the Ministry of Planning, Development, and Management. The historic gain of almost 1,000 projects has not been enough, though, to encourage private investment.
Expert Felipe Montoro Jens concludes that the $12.9 billion in Inter-American Development Bank loans is 20% more than the total in 2016.