The Future of Privately Owned Corporations in Brazil According to Felipe Montoro Jens

The identity of Brazil with the state has always been strong. This presence was more prominent in the 20th century. According to Felipe Montoro Jens, at the onset of privatization in the 1980’s, Brazil was almost to a debt crisis. The country had to actively take part in the infrastructure sector to achieve modernization. The National Confederation of Industry (CNI) claims that this is one of the best ways that can help Brazil meet its investment demands.

According to Felipe Montoro Jens, the powerful existence of the state marked Brazil in the 20th century. Following the 1930s political environment, the idea of infrastructure privatization was born. 50 years later, the country witnessed continuous state growth including state-owned businesses. In April 1990, the National Privatization Program began. Proposed by the government, privatizations became reform platforms for economic standardization. The process of privatization included the aeronautical, petrochemical, and steel industries. The Concessions Law was later passed into law by the government in 1995. The law established particular industries as priority privatizations. Some of these industries included banking, telecommunications, electricity, sanitation, and transportation. The Public Private Partnerships Act was approved in 2004. Telecommunications became the first sector in Brazil under private agents’ control.

About Felipe Montoro Jens

Felipe Montoro Jens has broad expertise in finance as well as investments. He is the CEO of Energizer Captacao S.A. He has also held Director Position at Santo Antonio Energia. He became Braskem S.A. Director in 2010 where he worked until 2013.

Felipe Montoro Jens specializes in infrastructure. He gave his views about the Brazilian Government partnership with the National Bank for Social and Economic Development, BNDES. High levels of wastes in states have always concerned Felipe Montoro Jens. According to Felipe, high waste levels take away the state’s economic wealth. He is confident that the recent partnership will lead to waste reduction.