Archive for the ‘Financial Expert’ Category

Felipe Montoro Jens Explains the Importance of Privatization in Brazil

Sunday, September 17th, 2017

Brazil remained known by a strong presence of state until the late 1980s when it was faced with the privatization that was ignited by the external debt crisis. The modernization of this segment was facilitated by private sector participation as revealed by the National Confederation of Industry. The institution showed that privatization is necessary for the country to cater for the investors need since investments are a necessity.

Felipe Montoro Jens is a financial professional and the Chief Executive Officer of the Energy Captacao S.A. He has grown his career expertise in the fields such as investments and finance. Felipe Montoro Jens was the former director of the Santo Antonio Energies. Moreover, Felipe Montoro Jens worked as the director of the Braskem S.A. until the year 2013, and as the head of the board, Concessionaria does Centro Admino do Distrito Federal after serving as a member. Felipe Montoro Jens area of specialization is in infrastructure. Felipe Montoro Jens is very much concerned with the state of sanitation in the country since it snatches much wealth from the state. Felipe Montoro Jens knows well that this issue needs immediate intervention that is the reason he released his views on the Brazilian partnership with BNDES.

Felipe Montoro Jens who is a specialist in infrastructure has researched Brazilian privatization and explained it. It began with the institutional modernization; the regime that began in the year 1963 came up with the institutional modernization. This process was followed by the consecutive fifty years of growth in the scope of the state. The scope included own state enterprises. In April 1990, the economic reforms in the government included privatization. Under this process, many companies such as the petrochemical, steel, and aeronautical sectors were privatized. It was the afterward that the concession laws that gave the right to the privatization of the electric industry, telecommunications, sanitation, and transport sectors.

The Public Private Partnership Act (PPPs) was later in the year 2004 approved that made it possible for the telecommunication sectors to be managed by private entities. According to the CNI, telecommunication has come to be the most successful in privatization. Felipe Montoro Jens reports that the national laws have only the mandate to of regulations and not the provision of services.