Washington, Dec. 10 (EFE) .- The head of the private investment branch of the Inter-American Development Bank (IDB) assured in an interview with EFE that the covid-19 pandemic has generated a large number of social and economic challenges, but also opportunities investments that require collaboration between the public and private sectors.
The CEO of IDB Invest, James Scriven, explained that the Latin America and the Caribbean region has suffered “disproportionately from the pandemic”, thus posing health, economic and social challenges which represent “a unique opportunity to invest” and build a “green and sustainable recovery”.
Scriven spoke thus during the PPP Americas meeting which began on December 9 in Sao Paulo (Brazil) and which debates on public-private partnership models to advance investment for sustainable development in Latin America.
PPPs are this “innovative financial tool” which “makes it possible to connect the public sector to the private sector” and which will be fundamental for “the sustainable recovery of the post-pandemic economy”, defended the executive of IDB Invest, a private sector institution. of the IDB.
Scriven ensures that “the private sector has the tools and the discipline to develop and manage, build and manage complex infrastructure”, but recalls that “there is little fiscal space in governments to develop this sector which is much more focused on what it is. immediate reactivation or mitigate the effect of the pandemic ”.
“We believe that many governments are not investing what they should invest in the infrastructure sector, and this complementarity can come from the private sector, which has been the pioneer of innovation instruments,” insists Scriven.
IDB Invest manages a budget of around 13,000 million dollars which invests 40% in infrastructure, mainly PPP, and especially in transport, but also in the development of sustainable energy, education, access to water and, especially now with the pandemic, in health.
(c) EFE Agency
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