Early this year, the Inter-American Development Bank met with several high-ranking financial officials from all over Latin America to hear Dyogo Oliveira’s argument for supporting more private investments. The Special Meeting of Governors took place in Mendoza, Argentina on March 24. Dyogo Oliveira is the Minister of Planning, Development, and Management.
Since the meeting occurred, experts like Felipe Montoro Jens have had much to say about Oliveira’s argument. Most of what Jens has said has been from a neutral view, but he agrees with Oliveira. Many financial experts in Latin America agree that the Inter-American Development Bank should support private investments more, sooner rather than later.
When it comes to setting financial standards and examples, many Latin American businesses and officials look to the Inter-American Development Bank. If they were to openly support and create financial guarantees that leverage private investments, more nations could more easily complete dozens of infrastructure projects in a fraction of the time. More about of Felipe at ideamensch.com
There are already several studies proving that private investments are more efficient and offer more possibilities than traditions solutions. At the least, Oliveira wants the Inter-American Development Bank to promote these studies, so other countries can see the difference and benefits of embracing private investments.
Supporting Oliveira’s suggestion was Luis Caputo, Argentina’s Finance Minister and the Bank’s Board of Governors Chairman. Caputo doesn’t just want the Inter-American Development Bank to promote the studies; the Finance Minister wants the bank to leverage more private investments in Latin America. The Secretary of State for Economy and Business Support of Spain weighed in, reminding everyone of Spain’s stake in their infrastructure projects.
Everyone wants everything to be completed before the fourth industrial revolution goes into full swing. Brazil stands to make great economic advances.