IDB President praises vaccine as a success of Public-Private Partnership – 12/09/2021

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Washington, December 8 (EFE). Inter-American Development Bank (IDB) President Mauricio Claver-Caron believes vaccines against Covid-19 are the biggest successes in the history of public-private partnerships, with Latin America and the Caribbean to follow. A good example for

In an interview to Agencia Efe, given at IDB headquarters in Washington ahead of the PPP Americas 2021 Forum between tomorrow and Friday in So Paulo, Clever-Caron highlighted how partnerships benefit governments, companies and the population. Is.

“We are at a moment in history when the only reason we leave this pandemic is the largest public-private association in the history of mankind, which is vaccines,” said the president of the multilateral bank.

Clever-Caron recalled that some vaccination agents against COVID-19 developed in the United States, such as the Pfizer/BioNTech partnership, Moderna and Johnson & Johnson (Jensen), had financial and regulatory investments from the country’s government.

“For governments, especially, in this time of pandemic, in which they have to increase their spending to meet the needs of the population, cooperation with the private sector was very fruitful,” the IDB president said.

The leader noted the financial difficulties faced by governments around the world, particularly in Latin America and the Caribbean, and for this reason, he defended the involvement of companies as the most sustainable way to make investments.

Clever-Caron said, “Every dollar that countries invest in infrastructure delivers twice the return in GDP growth, but one in every two dollars invested in every project undertaken by the state as a whole is lost and It becomes completely useless.”

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During two days of the PPP Americas Forum, which will have a mixed format this year, with approximately 150 participants at the Palacio dos Bandirantes, the IDB’s president will highlight the importance of public-private partnerships for post-crisis economic recovery. In addition to the role of the Bank as a mediator of these collaborations, due to the pandemic of Covid-19.

To this end, the event will feature lectures from dozens of international experts, who will talk about their experiences and propose strategies for planning, developing and operating infrastructure and service projects to strengthen regional integration in Latin America and the Caribbean. . EFE

About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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