Obama, Rousseff stress infrastructure integration at summit

Presidents of economic powerhouses address business leaders at II CEO Summit of the Americas in Panama.

Obama, Rousseff stress infrastructure integration at summit

World Bulletin / News Desk

 U.S. President Barack Obama and his Brazilian counterpart Dilma Rousseff emphasized the importance of regional infrastructure integration at a dialogue event Friday afternoon in Panama with business leaders from throughout the Western hemisphere.

“The more we can coordinate and work together on infrastructure, the better off we’re going to be,” said Obama.

The II CEO Summit of the Americas is a parallel forum within the framework of the seventh Summit of the Americas, which will be inaugurated Friday evening.

Mexican President Enrique Pena Nieto and Panamanian Presient Juan Carlos Varela also participated in the afternoon panel, which marked the conclusion of the II CEO Summit of the Americas. The three-day event was jointly organized by the government of Panama and the Inter-American Development Bank.

Education, technology, and public-private partnerships were the main issues covered Friday afternoon by the four heads of state, who also addressed questions posed by five CEOs. Obama and Rousseff also spoke of infrastructure integration in their remarks.

One of the biggest challenges in Brazil is investment in infrastructure, said Rousseff. The International Monetary Fund came to the same conclusion Friday, recommending “that priority be placed on infrastructure investment,” according to a press release.

Rousseff highlighted Brazil’s involvement in gas pipeline and transmission line projects with neighbouring South American countries. Investment is needed not only with regards to energy, ports and highways, but also for social infrastructure such as housing and education, she said.

Obama told the packed auditorium in Panama that he hoped regional infrastructure integration is something the Summit of the Americas can work on.

“We have to think beyond our borders,” he said.

Güncelleme Tarihi: 11 Nisan 2015, 10:48