The city of Mendoza, Argentina was the location where the meeting between the governors of the IDB (Inter-American Development Bank) took place. The meeting was held back in March 2018, with Brazil sending two representatives to speak behind the governors. One of them was Dyogo Oliveira, Brazil’s minister of planning, development, and management. The other one was Felipe Montoro Jens, who is an infrastructure projects expert that was hired by the Brazilian government. The representatives of Brazil has been talking with the IDB to ask for additional loans that will be sent to Brazil to fund the country’s aggressive infrastructure boom. Visit infomoney.com to learn more.
According to Dyogo Oliveira, it is crucial for Brazil to build more infrastructures because it will boost the country’s economy. Private investments in the country’s infrastructure projects have been on the rise, and the minister defended the increase. He also suggested that the organization should make a move about the creation of a financial guarantee mechanism that would leverage the private investments poured in by investors and business people all across the Latin American region. He also added that the IDB should promote more research to gather additional data on how the organization could help governments across the region whenever disaster strikes. He stated that the IDB should be the first institution where the victims can run to, and they should also welcome those who come to them with open arms.
Felipe Montoro Jens reported the suggestion of Dyogo Oliveira to the Brazilian government. He stated that the projects that they have greenlighted could be realized once the IDB considered their budget request. The IDB is the regional provider of loans in the Latin American region, and since the organization’s establishment, they have already given $360 billion for infrastructure projects across Latin America and the Caribbean. Felipe Montoro Jens revealed that the result of the talks would be published within days.
More info can be found by visiting: http://www.felipemontorojens.com.br/