Pedro Carlos Aspe Armella (born on in

Mexico City Mexico City ( es, link=no, Ciudad de México, ; abbr.: CDMX; Nahuatl: ''Altepetl Mexico'') is the capital city, capital and primate city, largest city of Mexico, and the List of North American cities by population, most populous city in North Amer ...

Mexico Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatema ...

) is a Mexican economist. He served as secretary of finance (1988 – 1994) in the cabinet of

Carlos Salinas de Gortari Carlos Salinas de Gortari CYC DMN (; born 3 April 1948) is a Mexican economist and politician who served as 60th president of Mexico from 1988 to 1994. Affiliated with the Institutional Revolutionary Party (PRI), earlier in his career he wor ...

, 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 and former director of , and Virginia Armella Maza. 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 Álvaro Obregón Salido (; 17 February 1880 – 17 July 1928) better known as Álvaro Obregón was a Sonoran-born general in the Mexican Revolution. A pragmatic centrist, natural soldier, and able politician, he became the 46th President of Me ...

administration. He undertook his basic studies at private schools managed by the

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and received a bachelor's degree in economics from the ITAM and a doctorate in economics from the

Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the ...

. He is also a member of the

Institutional Revolutionary 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) since 1980 and has been awarded the Order of the Phoenix by the government of

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(1986). 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. He has also authored ''The Analysis of Household Composition and Economics of Scale in Consumption'' (1976), (1978) and ''Financial Policies and the World Capital Market: The Problem of Latin American Countries'' (1983). Aspe is married to historian Concepción Bernal Verea, a daughter of notable anthropologist and diplomat

Ignacio Bernal Ignacio Bernal (February 13, 1910 in Paris - January 24, 1992 in Mexico City) was an eminent Mexican anthropologist and archaeologist. Bernal excavated much of Monte Albán, originally starting as a student of Alfonso Caso, and later led major ar ...

; 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 American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. , AIG companies employed 49,600 people.https://www.aig.com/content/dam/aig/amer ...

(AIG),

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and its subsidiary Standard & Poor's. In November 2017 an investigation conducted by the

International Consortium of Investigative Journalism The International Consortium of Investigative Journalists, Inc. (ICIJ), is an independent global network of 280 investigative journalists and over 140 media organizations spanning more than 100 countries. It is based in Washington, D.C. with ...

cited his name in the list of politicians named in "

Paradise Papers The Paradise Papers are a set of over 13.4 million confidential electronic documents relating to offshore investments that were leaked to the German reporters Frederik Obermaier and Bastian Obermayer, from the newspaper'' Süddeutsch ...

" allegations.

References

{{DEFAULTSORT:Aspe, Pedro 1950 births Living people Group of Thirty Instituto Tecnológico Autónomo de México alumni Instituto Tecnológico Autónomo de México faculty MIT School of Humanities, Arts, and Social Sciences alumni 20th-century Mexican economists Mexican Secretaries of Finance People from Mexico City Recipients of the Order of the Phoenix (Greece) Mexican chief executives People named in the Paradise Papers