The Economy ministers from Colombia, Uruguay and Peru have been rated as the best in Latin America according to the financial magazine America Economica, a publication from the Chilean company Nanbei which does the annual survey based on interviews with 70 Latin American economists.
The first place went to Colombia’s Finance and Public Credit minister Juan Carlos Echeverry, followed by Uruguay’s Fernando Lorenzo and Peruvian minister Luis Miguel Castilla.
The selection process took into account macroeconomic results, stabilization of the economy, promotion of policies and reforms to promote development, institutional strength of the ministry and the professional profile of the minister.
For Lorenzo it is his second runner up position and shows the positive consideration of the minister at regional level, as well as the development index and strength of the Uruguayan economy according to some of the region’s main specialists.
For the magazine so far no Uruguayan minister has ever made it to the top ranking. In 2007 the crown went to Peru’s Luis Carranza; in 2008 to Chile’s Andrés Velasco; in 2009 Brazil’s Guido Mantega and in 2010, Chilean minister Felipe Larraín.
Lorenzo graduated as an economist in Montevideo and later specialized at the University of Paris-Dauphine where he obtained a Diplome d'Etudes Approfondies en Economie et Finances Internationales and later a PhD in Economics from the University Carlos III, in Madrid.