March 24th, 2018, the Inter-America Development Bank (IDB) was held in Argentina in the city of Mendoza. The IDB discussed various topics relating to the economic development and stimulation in Latin America. Felipe Montoro Jens is a well-experienced infrastructure specialist and reporter and had firsthand reports on plans by many of the decision-makers in countries throughout Latin America.
During the IDB meeting, it was proposed the increase in spending be from the private sector and is essential in getting the economy in a better situation. DyogoOliveria is the Minister of Planning, Development, and Management. Dyogo pointed out there needs to be more economic guarantees and safety nets to add more protection to encourage more private sector investment. Visit infomoney.com to learn more.
The Argentinian finance minister Luis Caputo is also the chairman of the Bank’s Board of Governors. Mr. Caputo voiced his full support and agreement with DyogoOliveria the Planning Minister, in the suggestions of the IDB to implement financial protections for the private sector business owners.
DyogoOliveria pointed to the Industry 4.0 revolution as a turning point in the state of the economic development. Oliveria noted the infrastructure challenges associated with the revolution including road building, and upgrades to sanitation systems and fresh water access.
During the IDB meeting, Felipe Montoro Jens reported, Luis Alberto Moreno who is the president of the IDB bank stressed the need to improve infrastructure to make easier to move throughout South America. The president noted without upgrades and enhancement in transportation it will be impossible to achieve the overall goal of improving the economic development in Latin America. It is important to highlight the IDB’s efforts in encouraging the involvement of all citizens, by addressing inequalities in gender and environmental stability.
To date, the IDB is responsible for $12.9 in investments in the form of loans, in an effort to improve the economic situation, which is a 20% increase compared to 2016.