Brazil practices the Public-Private Partnership scheme, also known as PPP. This scheme enables the government to turn their projects into reality, and tapping the assistance from the private sector regarding the funding of the project. One of the most recent projects that the government wanted to implement is the addition of schools for the city of Rio de Janeiro. The government aims to expand the network of child education in the city, and they wanted to construct several classrooms and buildings that would be able to accommodate the city’s student population. According to the project, more than 20,000 day care centers and 40,000 pre-schools will be built all throughout the city, and they wanted to finish the project before the year 2020 ends. Felipe Montoro Jens is an entrepreneur who was hired by the government of Brazil to serve as one of their specialists.
Being the project and infrastructure specialist, Felipe Montoro Jens would have to work with several institutions around the world which would help Brazil in building the schools. The International Finance Corporation of the World Bank Group was hired by the government of Brazil to act as one of their consultants, and the government of Brazil has already provided an initial payment of $2.3 million for the financial institution. Felipe Montoro Jens stated that the International Finance Corporation of the World Bank Group is the largest contributor to the project that is being planned by Brazil. The financial institution is also responsible for helping developing countries with their infrastructure projects, lending them the money and overseeing the progress of the project.
Felipe Montoro Jens believes that the government of Brazil will be able to finish their project before their target date, because of the number of institutions who have already expressed their willingness to help. Felipe Montoro Jens will keep on monitoring the project to see its progress.