Recently, IDB (Inter-American Development Bank) Governors convened a special meeting in Mendoza, Argentina. Apart from the IDB Governors, most Latin America governments’ financial representatives were also present in the conference. These include ministers from finance and planning related ministries from both Argentina and Brazil who are considered the biggest economies in the region. Also present was Felipe Montoro Jens, an expert in infrastructure projects and the CEO of EnergiparCaptacao. Felipe sharing his insights on the meeting said that the main agenda for the meeting was sustainable infrastructure to push for regional development.
Private infrastructural investments
Having financial guarantee mechanisms that lure private infrastructural investments into a region was agreed to be the best way to push for development in the sector. Felipe Montoro Jens being an expert in public and private finance and finance strategies said that he could not agree more with this school of thought. He insisted that the financial guarantee mechanisms would increase investor confidence in the region. In addition to that, the increased investment will mean that there will be increased opportunities for the people in the region. View felipemontorojens.com to learn more.
Besides luring in external investments, it was agreed at this special meeting that there is need also to empower the people within the region. This means that the people in the region will also have a chance in the development going on around them. To aid in this, Felipe Montoro Jens says that the countries present agreed also to promote the development of infrastructure that will boost inter-country connectivity in the region. With this infrastructure in place, it will be easy for those in this region to engage in trade.
According to Felipe Montoro Jens, more than $360 billion has been invested in infrastructure in this region in the last ten years. This money has facilitated over 1000 projects. In the year 2017, Brazil borrowed 20% more – summing up to $12.9 billion- from IDB compared to the year 2016. This shows that the region is committed to development. Montoro added that with the private investors being lured into the region, the money invested is bound to increase drastically.