Many countries are in the daily hustle and bustle of growing their economies akin to those of the world’s superpowers. In a bid to achieve this noble fete, unequaled ploys have to be affected by the regime of the day. Such is the case with Brazil, whose Planning, Development and Management Minister-Dyogo Oliveira-is a vehement proponent of soar in private investments in infrastructural projects.
As reported by Felipe Montoro Jens, an infrastructure projects legend, Oliveira accents the pressing need to create financial guarantee mechanisms targeting the exploitation of private investments in infrastructural projects. In fact, during the Special Meeting of Governors of the Inter-American Development Bank (IDB), he suggested that the bank ought to promote studies aimed at providing solutions for project risk management. Visit consultasocio.com to learn more
Addressing the Elephant in the Room
What is more, the chairman of the Bank’s Board of Governors, Luis Caputo, acquiesced with the minister’s proposal. In a similar tone, Garrido-Spanish Secretary for Economy and Business Support, acknowledged Brazil as Spanish investors preferred destination. Moreover, Minister Oliveira aptly points out the indispensability of novel investments with IDB’s invaluable support to flag off the fourth industrial revolution.
Nevertheless, IDB’s president, Luis Moreno, observed that regional development remains a pipe dream. Besides, he underscored IDB’s bolstered policies of gender parity and environmental sustainability in tandem with project execution. Check frenchtribune.com to learn more.
Felipe Montoro Jens proceeds to report that, as insinuated by Oliveira, Brazil has entered an array of Public-Private Partnerships (PPPs) for public works. In a historical development, there have been about 1,000 infrastructural PPP projects in Latin America and the Caribbean. In monetary terms, this is valued at $360 billion. That notwithstanding, the Ministry of Planning’s evaluation reveals most projects are not in a position to mobilize private capital.
To sum it up, Felipe Montoro Jens reports that the Planning Ministry estimates IDB loans to Brazil at US $ 12.9 billion-up by 20% compared to 2016.