This is borne out by the structural reforms, primarily designed to create more competitive conditions. What are these reforms?
- Anti-trust Reform. To achieve its aim, the government created the Federal Anti-Trust Commission, a leading-edge institution that combats monopolies, monopolistic practices and any other restriction on the markets’ efficient functioning. New specialized courts were also created to enable the Judicial Branch to contribute to the enforcement of the law, by providing greater legal certainty.
- Telecommunications Reform. Designed to enable more actors to invest more freely, implement new technologies and offer better quality services, with more attractive tariffs in the sector.
- Financial Reform. In order to achieve more and cheaper loans, this reform promotes competition between financial institutions, through measures such as service portability, the prohibition of bundling and more information for users.
- Energy Reform. This reform ended decades-old state monopolies in both the electricity and the hydrocarbons and its derivatives sector. The creation of a new electricity market, and the opening to private investment represent a paradigm shift in favor of competition, for consumers’ benefit.