Since the 20th century, the Brazilian government has had a strong presence in the market. This first began to change after the 1970s when the privatization process began following the external debt crisis that the country experienced.
For a successful modernization of the Brazilian infrastructure, the National Confederation of Industry argues that it is essential that the private sector is involved. In this case, it is argued that it is through the privatization process that the massive demand for investments that will be obtained. Currently, the privatization process of the Brazilian market is guided by Felipe Montoro Jens, a specialist in the infrastructure projects.
In 1990, the government established the National Privatization Program which is responsible for implementing the economic reforms advised by the government about privatizations. This has seen many companies in petrochemical, steel, and aeronautical sectors being privatized. In 1995, the Concessions Laws was enacted giving priority to the privatization of the telecommunications, transportation, sanitation and electricity sectors. Additionally, the government sold most of the state owned banks.
Ten years later, the Public Private Partnerships Act was enacted making the Telecommunications sector as the first area to be fully in the hands of private agents in Brazil. According to the CNI, privatizing the telecommunications sector is the best example of how privatization process has been successful in Brazil.
Despite the success of the privatization process in Brazil, Felipe Montoro Jens argues that going forward, the state must ensure that it enacts responsible regulations to ensure that citizens are provided with high-quality services. Specifically, the National Telecommunication Agency was established to regulate the telecommunications sector. As such, the tariffs are now determined by the agency and not the Ministry of Communications.
Going forward, it is imperative for the government to establish standards which will be followed when privatizing companies. This will provide a sustainable basis for the privatization process including guaranteeing efficiency and competitiveness when providing services.
Felipe Montoro Jens is a reputable finance professional. Currently, he heads Energizer Captaco S.A as the Chief Executive Officer. He is a specialist in finance and investments. Previously, Felipe worked at the Santo Antonia Energia as a director.
He also worked as the Chairperson and board member of the Concessionaria de Centro Administrativo. Felipe Montoro Jen also specializes in infrastructure. He is thus an active participant of the BNDES a Brazilian government initiative meant to advise on privatization of companies.
Felipe holds an undergraduate degree from the Getulio Vargas Foundation. He is also a graduate of the Thunderbird School of Global Management.