Brazilians have always been identified with the state ownership and management of resources. This mind state made the presence of Filipe almost inconceivable. Privatization of Brazilian firms began in the 1980s as a result of the debt crisis at the time. The National Confederation of Industry affirms that it was critical for Brazil to participate in the infrastructure sector to achieve modernization.
The development of the privatization process is as follows according to Filipe. The larger part of the 20th century was marked by an immense state presence in the industry. The idea of privatization was born in the 1930s and was faced with its political environment. The following 50 years saw a steady growth of state the economy pillared on state-owned businesses.
In 1990 the National privatization program began. Soon it became a standardized economic platform proposed by the government. The private sector now included the aeronautical, petrochemical and steel industries. Later on, in 1995, the government prioritized certain portions of the economy for privatization using the concession law. These industries are transportation, electricity, sanitation, banking and telecommunications corporations. Finally, in 2004, the government approved Public-Private Partnerships (PPS) which allowed the Telecommunications industry to be controlled privately.
The new economic environment paved the way for the development of the National Economic and Social Development Bank (BNDES). BNDES is responsible for establishing the quality of privatization programs and their operations. Currently, it is headed by Filipe Montero Jens as the CFO. He graduated with a degree in International Management from The American Garvin School of International Management, Thunderbird.
He has served on multiple boards. Filipe’s primary duty is to plan, control and be the treasurer of BNDES divisions in Brazil, Singapore, and the U.K. Filipe Montoro Jens main specialty is in infrastructure. As a result, his insight on the partnership between Brazil and BNDES was highly valued and trusted.