Brazil is the 7th largest economy in the world and by far the most important in South America. Despite the size of the Brazilian economy, there was no immunity from the global recession that hit in 2008. Brazil suffered a double blow that resulted in significant damage to the economy and intern South America as a whole. Not only was there an economic crisis, but also a political one that culminated in the impeachment of the sitting president. The fallout of the political turmoil caused significant damage to the economy as many private sector business people froze investments and project implementation. Get the latest update on his twitter to find out more
Felipe Montoro Jens is a reporter, businessman, consultant, and infrastructure expert and has been reporting specifics regarding the economic, political and plans regarding infrastructure in not only Brazil but South America. In 2017, Felipe reported on a 57 project, $R44 billion infrastructure and debt reduction package set to reach 22 sectors. This announcement came as welcoming news as the country at that time felt to be in a political and economic free fall. These projects would include details to drastically lower the deficit of the country while implementing much need infrastructure projects to improve roads, water sanitation, and sewage and transportation projects.
The BR153 and BR364 were included to get a complete makeover, which was welcoming news for those traveling and doing business between Annapolis, Alianca, Comodoro and Proto Velho. Felipe interviewed the mayor of Rio de Janeiro, where the commissioner revealed an investment of more than R$ 2 million to hire the International Finance Corp (IFC) as professional consultants to implement the construction of 60,000 daycare centers. Mr. Montoro also reported on the public light upgrades in Belo Horizonte. The capital city of Belo Horizonte implemented the most significant example of the power of the public, private partnerships in history by upgrading all public lighting to the LEDs.