Felipe Montoro Jens believes that Brazilian’s strong identity with their country became more prominent in the 20th century with the beginning of privatization in the 1980s. This was fueled by the debt crisis that was experienced in the nation. The National Confederation of Industry (NCI) has it that the country chose to participate in infrastructure to attain modernization. This way the country would be able to meet the investment demands.
In the 1930s, Brazil became a sovereign nation, and as such, began the process of privatization of infrastructure development. For the succeeding 50 years, the state’s growth was tremendous and had many businesses owned by the state.
In April 1990, the National Privatization Program commenced and the government of the day then categorized it among the standard economic reforms platform. At the time, the privatization process included industries working on steel, petroleum, and aeronautical. In 1995, the Concessions Law was passed and certain industries were categorized for priority privatization. Such industries included the electricity, transportation, telecommunications, sanitation, and banking corporations. Further, in 2004, the Private Partnerships Act (PPPs) was approved by the government and telecommunication became the first to get privatized.
Felipe Montoro Jens is a chief financial officer in Brazil. He is the treasurer of the finance divisions in Brazil, United Kingdom, and Singapore. He served as the director of Braskem S.A for three years until 2013. Felipe Montoro Jens is a graduate of Fundao Getulio Vargas (FGV) and Thunderbird USA where he got his international management degree. He is interested in the Brazil’s economic wealth and hence interested in eliminating waste in the country.
Find out more about Felipe Montoro Jens: https://www.terra.com.br/noticias/dino/veja-com-felipe-montoro-jens-a-historia-do-processo-de-privatizacao-no-brasil,4d1cfee159791826fd7c00be88ff5defx4uhd4g6.html