Felipe Montoro Jens: Summary of the Inter-American Development Bank Meeting

Felipe Montoro Jens was tasked by the Brazilian government to help them manage their infrastructure projects. He was already living abroad as a successful businessman, but he chose to return and focus on the career provided by the Brazilian government. Today, he checks the projects that are placed under his control, and he is making sure that the materials used for the project are of top quality, and no corruption instances are taking place. Felipe Montoro Jens thought that some of his tasks are difficult, but it is rewarding especially after the project is done. Visit their website felipemontorojens.com to learn more.

Recently, he was sent by the Brazilian government to the Inter-American Development Bank, taking place in Mendoza, Argentina on March 24, 2018. He was accompanied by Dyogo Oliveira, one of the ministers of the government. They attended the Inter-American Development Bank governor’s meeting so that they could ask them for financial assistance. The government of Brazil spearheaded more than 50 projects this year, and they are hoping to finish half of them before the year ends. However, the government would need additional funding, and they are hoping that the Inter-American Development Bank would grant their request. Brazil has already received $12.9 billion worth of loans in the past, but this is just a small amount considering the number of projects that the country currently has.

Felipe Montoro Jens stated that the construction projects in Brazil currently fall under the PPP program, or the private-public partnership program. It effectively reduces the funds needed by the Brazilian government by sharing the costs with private institutions, but according to Felipe Montoro Jens, the government wanted to shift away from the practice to make sure that the public can fully use the infrastructure they are creating without additional expenses. The Inter-American Development Bank has released hundreds of billions worth of funding for Latin American and Caribbean countries. Read more: https://ideamensch.com/felipe-montoro-jens/