Brazil is one of the few nations that are believed to have a very strong identity with the state. Felipe Montoro, one of the reputable businessmen in the country, explains the increased privations of public companies in the country. The privatization in the country started in the 1980’s, and it was caused by the debt crisis that was taking place. The National Confederation of Industry, popularly known as CNI says that it was paramount for the country to take part in the infrastructure industry so that it could achieve modernization. According to Felipe Montoro Jens, this is the only way for Brazil to meet the investment demands of the citizens.
Brazil is nowadays considered to be one of the most successful nations in Latin America. The country is respected for having the best football players who have accomplished a lot. Several international games have been held in this country in the past, and they have all been very successful. The country has also been receiving investors from all over the globe who want to secure their investments in the highly populated nation.
Although the nation has been successful in sporting activities, it has had its share of challenges in the economic department. According to Felipe Montoro, Brazil private banks have been registering huge profits, even during the great recession that took place in the year 2008. The private banks were doing well when most of the public financial institutions had collapsed to the challenges the economy was facing.
Felipe Montoro says that this privatization is soon coming to an end after the changes that have been made in the finance ministry. According to the successful businessman, it will be easier for the middle-class investor to acquire loans so that they can at least improve their lives, and this will make things better for the country at the end of the day. The country has embraced several strategies to ensure that the private banks are regulated.