Felipe Montoro Jens’ Views on Privatization in Brazil

Felipe Montoro Jens indicated that Brazil’s identification with the state was more prominent in the 20th century. Privatization in the country began in the late 1980s as a result of the debt crisis. As stated by the National Confederation of Industry, for Brazil to achieve modernization, the country had to take part in the infrastructure sector. The process served as a way in which the country could meet the demands in investment.

Privatizations were proposed by the government as the standardized economic reform platform. The National Privatization Program subsequently commenced in April 1990, and the process included the petrochemical, aeronautical, and the steel industries. In 1995, the Concessions Law was passed and it established industries such as transportation, electricity, sanitation, and banking corporations as priority privatizations. Later on in 2004, the Public Private Partnerships Act was approved and the first sector to be controlled by private agents was telecommunications.

Before private capitalization, regulatory agency organization was fundamental for the country’s ultimate success. Due to the difficulty in establishment of the business guidelines, it was impossible to predict the effect of competition to the decision. As a result, the General Concession Plan was created in 2008. The government later on established a plan aimed at universalizing its Fixed Telephone Service. These plans facilitated milestone developments of sustainability that lasted over 20 years.

Mr. Jens is a Principal at Peru Inversiones En Infraestructura SA. He is also the executive officer at several corporations including at AC Energia SA, ConcessionariaInteroceanica Sur Tramo (both 2 & 3), ConcesionariaTravase Olmos, and Empresa de Generación Huallaga SA. Additionally, the business guru serves as Chairman ofArboreolandEmpreendimentosImobiliários.

Other than the executive, principal and chairman roles, Mr. Jens is among the board of directors at San Antonio Energia SA, Concessionaria do Centro Administrativo, andFonte Nova Negocios e Participaçoes SA. He holds a Getulio Vargas Foundation undergraduate degree and a graduate degree earned at the Thunderbird School of Global Management.

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