Professional Experience

  • Ministry of Economy and Finance, Lima, Peru
  • Minister (July 2011-Sept. 2014)
    • Acting Minister of Foreign Affairs and Minister of Defense
    • President of Peru’s Private Investment Promotion Agency (Proinversion)
    • President of Peru’s State-owned Enterprises Conglomerate (Fonafe)
    • President of the National Competitiveness Council (CNC)
    • President of Peru’s Public Pension Wealth Fund (FCR)
    • President of Peru’s Fiscal Stabilization Fund (FEF)
    • Governor of the Republic of Peru at the World Bank Group, Inter American Development Bank, CAF-Development Bank of Latin America
    • Alternate Governor of the Republic of Peru at the International Monetary Fund
    • Board member of Peru’s State Oil Enterprise (Petroperu)
    • Board member of Peru’s Rural Telecommunication Fund (Fitel)
    • President of the Board, CAF-Development Bank of Latin America, 2012-2013
      • Awards:
        • Hipolito Unanue Award for Outstanding Economic Merit, Ministry of Economy and Finance of Peru, 2014
        • Best Finance Minister of Latin America Award, 2012 by Emerging Markets, America Economia and The Banker-Financial Times.
  • Vice Minister of Finance (Jan. 2010-July 2011)
    • Board member of Peru’s National Bank (Banco de la Nacion)
    • Board member of Peru’s Development Financial Corporation (Cofide)
  • Chief of Staff (Oct.-Dec. 2009)
  • CAF, Development Bank of Latin America, Caracas, Venezuela
    • Chief Economist and Vice President of Public Policies and Competitiveness (2006-2009)
    • Acting Vice President of Development Strategies (2005)
    • Director of Economic Research (2003-2005)
    • Country Economist for Bolivia, Peru y Argentina (1996-2002)
  • The World Bank Group, Washington DC
    • Middle East and North African Region, Office of the Chief Economist, Consultant (1996)
    • Latin America and the Caribbean Region, Country Analyst for Honduras (1994)
    • Private Investment Promotion Agency, Lima, Peru, Intern (1992)
    • Inter American Investment Corporation, Washington DC, Intern (1990, 1991)

Education

  • PhD in Economics, Johns Hopkins University (2001)
  • MA in Economics, Johns Hopkins University (1993)
  • BA Honours in Economics, Mc Gill University (1991)

Teaching Experience

  • Universidad del Pacífico, Lima, Peru, Lecturer, Intermediate Macroeconomics (2001-2)
  • Johns Hopkins University, Summer Instructor, Macroeconomics (1993)
  • Johns Hopkins University, Teaching Assistant, Macroeconomics, Economic Development (1992-1993)

Publications

Editor

  • Caminos para el futuro: Gestión de la infraestructura en América Latina, 2009. Caracas: CAF.
  • Oportunidades en América Latina: hacia una mejor política social, 2008. Caracas: CAF.
  • Desafíos macroeconómicos y financieros en América Latina, 2007. Caracas: CAF.
  • Camino a la transformación productiva en América Latina, 2006. Caracas: CAF.
  • Políticas sectoriales en la región andina: lecciones y propuestas, 2005. Caracas: CAF.
  • América Latina en el comercio global: ganando mercados, 2005. Caracas: CAF.
  • Reflexiones para retomar el crecimiento, 2004. Caracas: CAF.
  • Sostenibilidad fiscal en la región andina: políticas e instituciones, 2004. Caracas: CAF.
  • Perspectivas: Análisis de temas críticos para el desarrollo sostenible, 2003-2008. Caracas: CAF.

Chapters in books

  • “Latin America and East Asia trade strategies” in Growth and Development in Emerging Market Economies: International Private Capital Flows, Financial Markets and Globalization, ed. H. Kohli, 2008. London: Sage Publisher.
  • “La agenda de competitividad en América Latina” in América Latina: Integración o fragmentación, ed. ITAM, Wilson Center for Scholars, Fondo de Cultura Económica, 2008.
  • “Estrategias para la generación de oportunidades” (with P. Acosta and O. Manzano). Oportunidades en América Latina: hacia una mejor política social, 2007. Caracas: CAF.
  • “Crédito doméstico al sector productivo: restricciones y vulnerabilidades del sistema financiero en América Latina” (with M. Hidalgo) in Desafíos macroeconómicos y financieros en América Latina, 2007. Caracas: CAF.
  • “Estrategias de desarrollo productivo en América Latina” in Camino a la transformación productiva en América Latina, 2006. Caracas: CAF.
  • “El rol de las políticas sectoriales en una estrategia de transformación productiva” (with O. Manzano) in Políticas de desarrollo sectorial en la región andina, 2005. Caracas: CAF.
  • “Hacia una estrategia coherente de inserción internacional” in América Latina en el comercio global: ganando mercados, 2005. Caracas: CAF.
  • “China: oportunidades y desafíos para América Latina” (with F. Ortega) in América Latina en el comercio global: ganando mercados, 2005. Caracas: CAF.
  • “Hacia una mejor estrategia de desarrollo” in Reflexiones para retomar el crecimiento, 2004. Caracas: CAF.
  • “Financiamiento y gobernabilidad” in Reflexiones para retomar el crecimiento, 2004. Caracas: CAF.
  • “Hacia una mayor y mejor inserción de los países andinos en la economía global” in El futuro de la integración andina, ed. M. Cárdenas, 2004. FESCOL: Bogotá.
  • “El reto de retomar la sostenibilidad fiscal en la región andina” (with O. Manzano) in Desafíos fiscales en la región andina, 2004. Caracas: CAF.
  • “Instituciones y gobernabilidad” in Temas críticos para América Latina, 2002. Caracas: CAF.

Articles

  • “The Coming of Age of Global Wealth Funds: Perspectives and Policy Issues Within and Beyond Borders” (with A. Arreaza y C. Fernandez), Global Journal of Emerging Market Economies, Vol.1, No. 1, January 2009.
  • “Productive Transformation in Latin America”, Foreign Policy, July-August 2007.
  • “El reto de la competitividad en América Latina” (with F. Jaramillo) in Perú Económico, 2002. Lima: Apoyo Comunicaciones.
  • “Finance minister turnover and fiscal outcomes: new international evidence” 2000, Johns Hopkins University, mimeo.
  • “Dollarization in Ecuador,” Public Policy Working Paper, 1999, CAF.
  • “Education and Labor Markets in the Middle East and North Africa,” (with W. Van Eeghen), 1996, World Bank, mimeo.
  • “Fiscal Deficits and Economic Growth,” 1993, Johns Hopkins University, mimeo.

Languages

  • Bilingual in Spanish and English
  • Intermediate French

Other

  • World Economic Forum participant (2003 – 2014)
  • Program on Global Crisis and Financial Reform, Harvard University (1999)
  • Latin American and Caribbean Economic Association (LACEA) member, Program Committee (2007)
  • Johns Hopkins University Fellowship (1991-1993)
  • James McGill Award (1988-1990)

Personal

  • Date of Birth: Oct 31 1968
  • Peruvian citizen
  • Widower, 2 daughters