Gustavo Petricioli Iturbide (19 August 1928 – 9 October 1998) was a Mexican economist who served as

Secretary of Finance The Secretariat of the Treasury and Public Credit (, SHCP) is the finance ministry of Mexico. The Secretary of the Treasury is the head of the department, and is a member of the federal executive cabinet, appointed to the post by the President ...

(1986–1988) in the last cabinet of

Miguel de la Madrid Miguel de la Madrid Hurtado (; 12 December 1934 – 1 April 2012) was a Mexican politician affiliated with the Institutional Revolutionary Party (PRI) who served as the 59th president of Mexico from 1982 to 1988. Inheriting a severe economic an ...

and as Mexican ambassador to the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

(January 1989 – 1993).

Biography

Petricioli was the son of Carlos Petricioli Alarcón and Ada Iturbide Preciat. He received a high school diploma from the

Monterrey Institute of Technology Monterrey Institute of Technology and Higher Education (ITESM; ), also known as Technological Institute of Monterrey () or just Tec, is aresearch university based in Monterrey, Mexico, which has grown to include 35 campuses located across 25 cit ...

(ITESM), a bachelor's degree in Economics from the ITAM (1952) and a master's degree in the same discipline from

Yale University Yale University is a Private university, private Ivy League research university in New Haven, Connecticut, United States. Founded in 1701, Yale is the List of Colonial Colleges, third-oldest institution of higher education in the United Stat ...

(1958). He lectured on

Monetary Theory Monetary economics is the branch of economics that studies the different theories of money: it provides a framework for analyzing money and considers its functions (as medium of exchange, store of value, and unit of account), and it considers how ...

at both ITAM and the

National Autonomous University of Mexico The National Autonomous University of Mexico (, UNAM) is a public university, public research university in Mexico. It has several campuses in Mexico City, and many others in various locations across Mexico, as well as a presence in nine countri ...

(UNAM), and joined the

Revolutionary Institutional Party The Institutional Revolutionary Party (, , PRI) is a political party in Mexico that was founded in 1929 as the National Revolutionary Party (, PNR), then as the Party of the Mexican Revolution (, PRM) and finally as the PRI beginning in 1946. T ...

(PRI) in 1952. Before joining the federal cabinet Petricioli served as undersecretary of Finance (1970–74), as deputy director of the

Bank of Mexico The Bank of Mexico (), abbreviated ''BdeM'' or ''Banxico,'' is Mexico's central bank, monetary authority and lender of last resort. The Bank of Mexico is autonomous in exercising its functions, and its main objective is to achieve stability in th ...

(1975–1976), and as director-general of ''Nacional Financiera'' (1982–1986). As secretary of Finance, he co-authored the Pact for Stability and Economic Growth (in ), a national strategy to control the fiscal deficit and inflation in coordination with the private sector. Petricioli died of a heart attack on 9 October 1998 at Los Angeles Hospital, in Mexico City. He married Rosa Blanca Morales Murphy and they had two children: Gustavo and Ada. After their divorce, he remarried to Maria Luisa Castellón, mother of his next two children Hugo and Maria Luisa. Maria Luisa has two children now; Luisa and Mateo. In his honor, a remembrance book, , was published by Editorial Porrúa and a statue was erected at ITAM; his alma mater.

References

{{DEFAULTSORT:Petricioli, Gustavo Secretaries of finance of Mexico Ambassadors of Mexico to the United States Yale University alumni Instituto Tecnológico Autónomo de México alumni Monterrey Institute of Technology and Higher Education alumni Academic staff of the National Autonomous University of Mexico Politicians from Mexico City 1928 births 1998 deaths