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 ( es, Secretaría de Hacienda y Crédito Público, 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 ...

(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 (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

(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 Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) ( en, Monterrey Institute of Technology and Higher Education), also known as Tecnológico de Monterrey or just Tec, is a secular and Mixed-sex education, coeducational private ...

(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 research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the wo ...

(1958). He lectured on

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

at both ITAM and the

National Autonomous University of Mexico The National Autonomous University of Mexico ( es, Universidad Nacional Autónoma de México, UNAM) is a public research university in Mexico. It is consistently ranked as one of the best universities in Latin America, where it's also the bigges ...

(UNAM), and joined the

Revolutionary Institutional Party The Institutional Revolutionary Party ( es, Partido Revolucionario Institucional, ; abbr. PRI) is a political party in Mexico that was founded in 1929 and held uninterrupted power in the country for 71 years, from 1929 to 2000, first as the Nati ...

(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 ( es, Banco de México), 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 ac ...

(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 es, Pacto para la estabilidad y el crecimiento económico), 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 Mexican Secretaries of Finance Ambassadors of Mexico to the United States Yale University alumni Instituto Tecnológico Autónomo de México alumni Monterrey Institute of Technology and Higher Education alumni National Autonomous University of Mexico faculty Politicians from Mexico City 1928 births 1998 deaths