Mauricio Pozo Crespo (born January 18, 1959)[1] is an Ecuadorian politician, banker and economist from Quito, Ecuador. Since 2020, he has been Minister of Economy and Finance.[2]

He was a vice-presidential candidate alongside Cynthia Viteri in the Ecuadorian 2017 general election.[3][4]

Background

Pozo graduated from high school in Caracas, Venezuela. He earned a BA in economics at Universidad Católica del Ecuador (PUCE) in 1985. In the same year he graduated magna cum laude at the Economics Institute in the University of Colorado. He continued his postgraduate studies at Notre Dame, Indiana, USA where he obtained a master's degree in economics in 1987.[5]

He pursued various courses in finance and economics in USA and Europe. In 2010 he obtained a diploma from the Global Health Delivery Project at Harvard University, in Boston, Massachusetts, USA.[1]

Experience

Pozo has been president and member of boards of directors, of national and foreign companies,[1] as well as in public Ecuadorian institutions such as the Stock Exchange, the Investments Committee of the Social Security Institute (IESS), Bank of Ecuador (BCE),[5] BEDE, Deposit Guarantee Agency (Agencia de Garantía de Depósitos, AGD), and Inland Revenue Service (Servicio de Rentas Internas, SRI). He was economic adviser to and Chairman of the Monetary Board, 1988–1991.[3]

He served as Governor at the IMF (International Monetary Fund), the World Bank, IDB (Inter-American Development Bank) and Principal Director of CAF – Development Bank of Latin America and the Caribbean. He worked as analyst for the Economist Intelligence Unit in London from 1998 to 2001.[1]

Pozo was granted the Isabel la Católica Award awarded by King Juan Carlos I of Spain, in July 2004, and the Consular Excellence Award by the Honorable Consular Body of Quito, April 26, 2005. He has also been Dean and professor at PUCE and other universities. He has published numerous articles, analyses and books.[1]

Ministerial post

Mauricio Pozo was appointed Minister of Economy and Finance of Ecuador in January 2003, when Lucio Gutiérrez became president.[3] Pozo was described as an "orthodox economist"[6] who advocated dollarization of the national currency.[7] He maintained a policy of using much of the country's oil revenues to repay debt[8] and sought new loans from the IMF.[9][10] He resigned his post on 1 June 2004, for reasons not clarified at the time.[11][12] The austerity policies adopted by Pozo and Gutierrez were criticized by representatives of Indigenous people for their impact on poverty, but government supporters linked these policies to a 3.5% growth rate in 2003 and an inflation rate below 3%.[12]

References

  1. 1 2 3 4 5 Econ. Mauricio Pozo Crespo - Gerente General, Multienlace
  2. ↑ "Mauricio Pozo Crespo – Ministerio de Economía y Finanzas".
  3. 1 2 3 "Mauricio Pozo es el binomio de Cynthia Viteri" [Mauricio Pozo is the running mate of Cynthia Viteri]. El Comercio. 9 November 2016.
  4. ↑ "Cynthia Viteri y Mauricio Pozo exponen su plan económico" [Cynthia Viteri and Mauricio Pozo set out their economic plan]. El Comercio. 15 November 2016.
  5. 1 2 Europa Publications (2003). The International Who's Who 2004. Psychology Press. p. 1350. ISBN 978-1-85743-217-6.
  6. ↑ "Command without control; Ecuador's new president. (Lucio Gutierrez)." The Economist (US). Economist Newspaper Ltd. 18 January 2003.
  7. ↑ "Ecuador: Lucio Gutierrez Takes Office as President." NotiSur - South American Political and Economic Affairs. Latin American Data Base/Latin American Institute. 17 January 2003.
  8. ↑ "Cabinet Oil Fund Spat Latest Blow to Ecuador's Embattled Leader." The Oil Daily. Energy Intelligence Group. 23 April 2004.
  9. ↑ Hornby, Lucy. "Petroecuador President Espin Resigns.(Pedro Espin)." The Oil Daily. Energy Intelligence Group. 29 April 2004.
  10. ↑ "Government issues bonds." South American Business Information. COMTEX News Network, Inc. 1 June 2004.
  11. ↑ "Keep your investment money; The oil industry in Ecuador.(Defeat for Ecuador's oil reform)." The Economist (US). Economist Newspaper Ltd. 26 June 2004.
  12. 1 2 "Ecuador: Miss Universe Contest, OAS Summit Draw Protests to Quito." NotiSur - South American Political and Economic Affairs. Latin American Data Base/Latin American Institute. 11 June 2004.
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