The economy of South America is heavily dependent on the economy of Brazil. Brazil is the largest economy in South America and among the largest in the world. Felipe Montoro Jens is a reporter and has been reporting on many public-private-partnerships investments made by the government of Brazil in recent years. The government of public entities is investing heavily, recently Felipe reported on a $44 billion investment stimulus package that included many PPPs for road work, sanitation projects, and airport managerial projects. Visit infomoney.com to know more about Montoro Jens.
Felipe Montoro Jens went to the Inter-American Development Bank (IDB) special governors meeting in Mendoza, Argentina on March 24th, 2018. The slowing of the project implementation was addressed during the meeting and was a repeated issue made many of the governors in attendance. Luis Alberto Moreno the president of the Inter-American Development Bank had serious questions about the need for better transportation capabilities among the many countries in South America. Transportation is one of the infrastructure issues that can efficiently be addressed with PPP implementation. Felipe Montoro Jens also reported on the issue raised by the Minister of Planning, Development, and Management Dyogo Oliveira. Mr. Oliveira noted Brazil has received $12.9 billion which is actually an increase of 20% from 2017 from the IDB.
Despite these investments, Dyogo pointed to the need for more investments from the private sector, and this will not happen until there is a financial safety net or guarantees for the private investors. Luis Caputo who is the Minister of Finance and Chairman of the Board of Directors agrees there is a strong need for more financial support for more private investors to help get more projects initiated. Spain’s Secretary of State for Economy and Business Support, Garrido according to Felipe said Brazil would be a priority regarding investments, because of the dynamism of the economy.