Felipe Montoro Jens: Requesting the Inter-American Development Bank for Additional Funding

Felipe Montoro Jens recently reported about what happened regarding the meeting conducted by the members of the Inter-American Development Bank in the city of Mendoza, Argentina. The meeting was conducted back in March 2018, and Brazil sent two representatives to the event – Felipe Montoro Jens, who currently works as a government consultant, and Dyogo Oliveira, the country’s planning, development, and management minister. Brazil has been asking the Inter-American Development Bank for more loans because the country is going under a great infrastructure renaissance. Brazil needs additional funding that would help them create more infrastructures, and without the help coming from the Inter-American Development Bank, they would not be able to finish their projects. Read more about Montoro Jens at baptista.com

Dyogo Oliveira and Felipe Montoro Jens explained that Brazil is an emerging power, and it is important for them to create more infrastructures that would generate more profit for the country’s economy. It would also make all of their territories accessible, delivering goods and services at a much cheaper rate. The Inter-American Development Bank has been providing financial assistance to its members ever since it was established, and Brazil received a lot of help from the organization that helped them transform their economy. Today, the Inter-American Development Bank reported that Latin American countries have been asking for more financial assistance because of the economic development that is happening all over the region. The organization has released more than $360 billion to assist Latin American and Caribbean nations, and the fund is mostly used in infrastructure projects.

Felipe Montoro Jens and Dyogo Oliveira hope that the Inter-American Development Bank would grant their request for additional funding for Brazil. They said that the country would be using the fund for the construction of more airports and seaports, to provide an additional point of entry for tourists which slowly revitalize the country’s economy. They will also use it to build more roads, hospitals, and schools which would increase the country’s human development index.

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