Felipe Montoro Insight on the Ascent of Brazilian Business Domain
In the business sector, Brazil has always had a notable presence. According to Felipe Montoro Jens, the presence became stronger during the 20th century. At the end of the 1980s, privatization was introduced in Brazil which was mainly due to a debt crisis. To attain modernization, National Confederation of Industry (CNI) figured it was important for Brazil to take part in the infrastructure sector. Mr. Montoro explains how the process developed as discussed herein.
Brazil was well-known for its meaningful existence of the State in the 20th century. The idea of privatization of infrastructure originated from their political environment that they faced in the 1930s. Fifty years later, Brazil experienced growth of the state including state-owned businesses.
In April 1990, National Privatization program began. The government proposed the privatizations like petrochemical, steel, and aeronautical industries to become standardized economic reform platforms. In 1995 industries like electricity and sanitation were made priority privatizations after the concessions law was approved. In 2004, public-private partnerships like telecommunication were approved. Based on the privatization process embraced by Brazil during this period, the country became modernized. As such, the business community benefited from this progress hence becoming an avenue for thriving business. Global investors were attracted to Brazil based on this incredible economic transformations reforms.
The general concession plan was established in 2008 and in 2011 the government created a plan to universalize its fixed telephone service. Moreover, privatization programs were emphasized by the National Economic and Social Development Bank. Currently, privatization makes a significant impact on the Brazilian economy.
He is the Chief Executive Officer of Energipar Captacao. From April 2010 to August 2013, Mr. Montoro served as a director of Braskem S.A. Also he served as the chairman of Concessionaria do Centro Administrativo do Distrito Federal. Felipe Montoro is passionate that Brazilian business will grow tremendously.