Felipe Montoro Jens Details His Vision For The Future of Brazil's Privately Owned Corporations
Brazil has always had a strong identity with the state. According to Felipe Montoro Jens, this presence was mad even more prominent during the 20th century. Occurring in the latter part of the 1980s, the beginning of the privatization in Brazil was due to a debt crisis. According to the National Confederation of Industry (CNI), it was necessary for Brazil to participate in the infrastructure sector in order to achieve modernization. The process is one way for Brazil to meet investment demands. Felipe Montoro Jens offers the following explanation as to how this process developed.
In the 20th century, Brazil was marked by its powerful existence of the State. Faced with its own political environment that started in the 1930s, the concept of privatization of infrastructure was eventually born. During the following 50 years, Brazil witnessed a continuous growth of the State that included businesses owned by the state.
After the National Privatization Program began in April of 1990, privatizations became standardized economic reform platforms that were proposed by the government. This privatization process included the steel, petrochemical and aeronautical industries. In 1995, the government passed the Concessions Law which established certain types of industries as priority privatizations. These industries included transportation, sanitation, electricity, telecommunications, and banking corporations. In 2004, the government approved the Public Private Partnerships Act (PPPs). Telecommunications was the first sector that was controlled by private agents.
It is worthwhile noting that prior to private capitalization, the organization of a regulatory agency was vital to the country's ultimate success. It was difficult to establish guidelines for new businesses to follow. Consequently, it was impossible to predict how competition would affect the decision. In 2008, the General Concession Plan was created. In 2011, the government established a plan to universalize its Fixed Telephone Service.
These plans culminated in an impressive development of the segment on a sustainable basis that has lasted for more than 20 years. In 2004, the government approved the Public Private Partnerships Act (PPPs). The telecommunications sector was the first of its kind to appear as a privately controlled industry. In addition, another important part of this process involved establishing the quality of privatization programs and their operations by the National Economic and Social Development Bank (BNDES).
Felipe Montoro Jens a the chief financial officer. As a planner, controller and treasurer of the finance divisions in Brazil, the United Kingdom and Singapore, has also serves on the board of directors for several companies. He graduated from Fundao Getlio Vargas (FGV) and also has a degree in international management from Thunderbird, The American Garvin School of International Management (USA). In addition, Mr. Jens served as the director of Braskem S.A. From 2010 to 2013.
Felipe Montoro Jens is a specialist in infrastructure. Consequently, his professional opinions regarding Brazil's partnership with the National Bank for Economic and Social Development were highly valued. He has always valued the economic wealth of Brazil and has taken a keen interest in eliminating waste. His recent partnership will result in reducing waste and enhancing basic sanitary conditions in Brazil. Furthermore, his unique and valuable leadership will continue to help the economy by placing a cap on unnecessary expenditures. Find Felipe Montoro Jens official site here: http://www.felipemontorojens.com.br/
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