Felipe Montoro Jens Narrates the History of Privatization in Brazil

Felipe Montoro Jens, a leading financial executive and infrastructure specialist, detailed the history of privatization in Brazil. He says that the economy of the country has a strong influence of the State, especially in beginning and mid-years of the 20th century. The institutional modernization is taken care by the political regime that began in 1930. Until 1980, State enterprises took total control of the economy. From the late 1980s, privatization started in the wake of the external debt crisis, confirms Jens. In 1990, the government instituted National Privatization Program and implemented privatization in petrochemical, steel, and aeronautical sectors.

In 1995, the government went further and privatized sanitation, transportation, electricity, and telecommunication industries. It also sold the state banks during the period. In 1997, General Telecommunications Law established to regulate the services of the telecommunication sector. Jens continues that the government also created National Telecommunications Agency or ANATEL for regulating the sector. This made sure that the tariffs are no longer decided by the Communications Ministry, and it goes to ANATEL. This change helped to create a competitive environment. Additionally, Telebrás, the state owned telecommunication firm, divided into 12 different holding companies to end the monopoly of it. The auction completed in 1998, and it created an environment of multiple players in the sector.

Felipe Montoro Jens has decades of experience in various infrastructure projects in Brazil. He is serving on the boards of a number of infrastructure firms and agencies including San Antonio Energia SA, Foz do Brasil SA, and more.

He worked with a number of firms including Marañon Energia SA, Peru Inversiones En Infraestructura SA, Arboreoland Empreendimentos Imobiliários, and more. Apart from Brazil, Jens also worked in various countries including the U.K., Singapore, and more. He is an undergraduate from the Getulio Vargas Foundation, Rio de Janeiro, and completed his graduation in Management from the prestigious Thunderbird School of Management in Glendale, Arizona.