The infrastructure specialist, reporter, and public-private partnership expert, Felipe Montoro Jens recently attended the IDB meeting on March 24th, 2018. The IDB is the Inter-American Development Bank meeting was in Mendoza, Argentina this year. Felipe reported the various efforts and plans in place to help turn the economic situation around in Latin America and South America entirely. It’s important to understand the efforts made by Brazil in recent years in the area of public-private partnerships to complete much-needed infrastructure projects, create jobs and stimulate the economy. Felipe Montoro Jens recently reported many public-private partnerships in Brazil and how they have yielded many good economic results. Read this article at odiario.com about Felipe Montoro Jens
During the IDB meeting, however, it was made known that many of the PPPs have not been implemented due to lack of funding by the private sector. PPPs have been implemented to complete road construction projects, sewer and water accessibility projects and public lighting projects. Dyogo Oliveira was one of the persons at the IDB this March. Mr. Oliveira is the Minister of Planning, Development, and Management, and he brought to the attention of the board members the need for investments to kick-start more PPPs. There has been a huge increase in PPPs, but in order to make a real impact and really move things in the correct direction, investments will be needed. Felipe Montoro Jens reported, Mr. Dyogo asked for more investments to create financial guarantees. Without these investments, the PPPs will continue to not be implemented.
This argument was echoed by Luis Caputo, according to Felipe Montoro Jens. Luis Caputo is the Minister of Finance and Chairman of the Board of Directors. Luis pointed to the industrial revolution as an important event on the horizon and the country needs to get the PPPs moving once again. While there are many successful PPPs already in place, the need for more investments was the main topic of discussion at the IDB.