The beginning of privatizations in Brazil traces back to the late 1980s and early 1990s, during a period marked by significant economic challenges and a shift towards neoliberal economic policies. The government, aiming to reduce public sector inefficiencies and the fiscal deficit, initiated a comprehensive privatization program under President Fernando Collor de Mello. This program was further intensified by his successor, President Fernando Henrique Cardoso, in the mid-1990s.
The privatization process involved the sale of numerous state-owned enterprises in key sectors such as telecommunications, mining, energy, and banking, which led to the liberalization and modernization of the industry.
These privatizations were driven by the belief that private sector management would lead to greater efficiency, innovation, and investment, which were critical for Brazil’s economic growth. Despite facing opposition and controversy, the privatization initiatives of the 1990s laid the groundwork for subsequent economic reforms and played a pivotal role in reshaping the Brazilian economy.
FINK saw the great opportunity to offer DSP services for these companies, besides the removal, thus becoming the first professional relocation company in Brazil.
