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Montevideo, November 17th 2018 - 23:36 UTC

Uruguay’s economy minister, second best in the region for two years running

Wednesday, January 18th 2012 - 16:46 UTC
Full article 5 comments
Fernando Lorenzo was named minister in March 2010, when the current Uruguayan administration took office Fernando Lorenzo was named minister in March 2010, when the current Uruguayan administration took office

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.

 

Categories: Economy, Latin America, Uruguay.

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  • ChrisR

    Colombia, Uruguay, Brasil and Peru Economy ministers rated as the best in Latin America!

    WHAT! NO Argentino! The Queen of Plastic will go into a black rage over this. THIS MUST BE THE UK's FAULT!

    Quick, hide it from her unless you want heads to roll!

    Jan 18th, 2012 - 07:52 pm 0
  • Forgetit87

    @ChrisR

    You shouldn't doubt that politics may be behind those nominations. And btw, Brazil's Finances Minister, Guido Mantega, is known to have once called Brazil to emulate Argentina's economic model.

    Jan 19th, 2012 - 11:40 am 0
  • ChrisR

    2 Forgetit87

    No, I do not think politics is behind this, because if it were CFK would have had the result her way.

    It is a good job no-one listened to Mantega's suggestion and I bet he has a red face now that CFK is going the protectionist and invoking the fabled 'Super import licence' route. This has been so poorly thought out that it will destroy your own major car industry by throttling vital component deliveries. Even O gaga railed against Fiat having to close for two days.

    That is how things are going in Argentina whether you know it or not.

    Jan 19th, 2012 - 12:25 pm 0
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