Pedro Aspe

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Pedro Carlos Aspe Armella (born on (1950-07-07)7 July 1950 in Mexico City, Mexico) is a Mexican economist. He served as secretary of finance (1988 – 1994) in the cabinet of Carlos Salinas de Gortari, where he successfully renegotiated foreign debt, gave autonomy to the central bank and promoted a controversial privatization plan.

Aspe Armella is the son of Pedro Aspe Sais, a lecturer at Script error: No such module "Lang". and former director of Script error: No such module "Lang"., and Virginia Armella Maza.[1] His great-grandfather was a federal deputy in the early years of the 20th century and his grandfather coordinated the Mexican diplomatic service in the Álvaro Obregón administration.[2]

He undertook his basic studies at private schools managed by the Society of Jesus and received a bachelor's degree in economics from the ITAM and a doctorate in economics from the Massachusetts Institute of Technology.[1] He is also a member of the Institutional Revolutionary Party (PRI) since 1980 and has been awarded the Order of the Phoenix by the government of Greece (1986).[3]

Before joining the cabinet of President Salinas, Aspe Armella chaired the department of economics at the ITAM; served as the founding president of the National Institute of Statistics, Geography and Informatics (INEGI, 1982 – 1985); worked as Undersecretary of Planning (1985 – 1987) and headed the Budget and Planning Secretariat in the cabinet of Miguel de la Madrid.[3]

He has also authored The Analysis of Household Composition and Economics of Scale in Consumption (1976), Script error: No such module "Lang". (1978) and Financial Policies and the World Capital Market: The Problem of Latin American Countries (1983).[3]

Aspe is married to historian Concepción Bernal Verea, a daughter of notable anthropologist and diplomat Ignacio Bernal;[1] and has two daughters and two sons. He is the current CEO of Protego, S.A., a consulting company based in Mexico City with offices in Monterrey, and a member of the board of the American International Group (AIG), McGraw-Hill and its subsidiary Standard & Poor's.

In November 2017 an investigation conducted by the International Consortium of Investigative Journalism cited his name in the list of politicians named in "Paradise Papers" allegations.[4]

References

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