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Alfonso Prat Gay

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President
  
Name
  
Alfonso Prat-Gay

Succeeding
  
Succeeded by
  
Martin Redrado

Preceded by
  
Aldo Pignanelli

Preceded by
  
Role
  
Argentine Politician


Alfonso Prat-Gay httpsuploadwikimediaorgwikipediacommonsbb


Born
  
24 November 1965 (age 58) Buenos Aires, Argentina (
1965-11-24
)

Other politicalaffiliations
  
Cambiemos (2015–present)

Alma mater
  
Pontifical Catholic University of ArgentinaUniversity of Pennsylvania

Similar People
  
Victoria Donda, Martin Lousteau, Federico Sturzenegger, Elisa Carrio, Patricia Bullrich

Profiles


Political party
  
Civic Coalition-ARI

A conversation with the minister of finance of argentina alfonso prat gay


Alfonso Prat-Gay (born November 24, 1965) is an Argentine economist and politician. Following the election of Mauricio Macri to the presidency on November 22, 2015, he became the Minister of the Economy of Argentina. He was also President of the Central Bank of Argentina from December 2002 to September 2004, and was elected Congressman for the Civic Coalition in the 2009 elections.

Contents

Alfonso Prat-Gay PratGay Fired as Argentine Finance Minister After One Year Bloomberg

His work earned him Euromoney's Central Bank Governor of the Year award. A decade later, as Minister of the Economy of Mauricio Macri, he lifted 4-year-old government controls on the Argentine currency ("the clamp"), a mere 4 days after taking office. Prat-Gay is also a member of Washington D.C. based think tank, The Inter-American Dialogue.

Alfonso Prat-Gay ExJPMorgan Banker Confirmed as Argentinas Finance Minister Bloomberg

Alfonso prat gay on argentina s progress and next steps


Politics

Alfonso Prat-Gay PratGay Called Argentina The Ugly Girl At The Dance In Terms Of

In December 2002, Prat-Gay was named President of the Central Bank of Argentina, at only 37 years of age, and served until September 24, 2004. He won the 2004 Euromoney Central Bank Governor of the Year award for his work for having reduced the inflation from 40% to 5% while maintaining an economic growth of 8%. He completed his term and rejected President Néstor Kirchner's offer to renew his position for another six-year term, due to disagreements with the president on the independence of the Central Bank, anti-inflationary policies, and on negotiations on defaulted bonds.

Alfonso Prat-Gay PratGay Announces That Argentinas Debt Increased By US6 Billion

He joined the Civic Coalition, led at the time by Elisa Carrió, and was named as Carrió's choice for Minister of the Economy had she won the 2007 presidential election.

Prat-Gay led the Civic Coalition's party list for the city of Buenos Aires in the 2009 congressional elections, and was handily elected. As a Congressman, he worked on projects such as increasing banking security, preventing money laundering and drug trafficking, and an extensive deregulation of the Argentine financial system. He was a main voice of the opposition in Congress on economic issues. He was named head of the Civic Coalition caucus in the Lower House following Elisa Carrió's poor showing in the 2011 presidential election.

Prat-Gay co-founded the Juntos UNEN ('Together They Unite') alliance with centrist UCR Congressional caucus leader Ricardo Gil Lavedra, and Victoria Donda of the leftist Freemen of the South Movement in January 2013. He declared his candidacy in July for a seat in the Argentine Senate ahead of the 2013 mid-term elections.

Finances

Prat-Gay was born in Buenos Aires in 1965, the son of Jorge Prat-Gay, a director of the Central Bank of Argentina under the dictatorship of Jorge Videla. He earned a degree in economics from the Universidad Católica Argentina in 1989, and obtained his master's degree in 1994 at the University of Pennsylvania, where he was a PhD candidate.

In 1994, Prat-Gay joined JP Morgan in New York City and went on to work for the bank in its Buenos Aires and London branches until 2001. He co-founded APL Economía, an economic consulting firm.

Prat-Gay is Chairman of Tilton Capital, an asset management company he co-founded in 2005 with Pedro Lacoste. He is president of Fundación Andares para el desarrollo de las Microfinanzas ("Andares Foundation for the Development of Microfinances"). His clients at Tilton Capital included the late María Amalia Lacroze de Fortabat, former chairperson of Argentina's largest concrete manufacturer, Loma Negra. Prat-Gay's work for Mrs. Fortabat came under scrutiny after revelations that Tilton Capital facilitated tax evasion and capital flight for Fortabat and other clients, including the entirety of Mrs. Fortabat's billion-dollar payout for her sale of Loma Negra in 2005. The vice president of JP Morgan Argentina at the time, Hernán Arbizu, declared that Prat-Gay managed much of this wealth in an offshore hedge fund of his creation with put options against the Argentine peso. He was appointed executor of the Lacroze de Fortabat estate following Mrs. Fortabat's death in 2012.

Minister of economy

Prat-Gay was appointed minister of financed in 2015, by president Mauricio Macri. In that capacity, he successfully ended the currency controls established by Cristina Kirchner and the sovereign default declared in 2001. He also helped to restore international relations, and the update of the figures of the wealth tax, which had not been updated in previous years in line with inflation. He had conflicting views of the economy with Federico Sturzenegger, president of the Central Bank of Argentina. By demand of president Macri, he resigned on December 26, 2016, and was succeeded by Nicolás Dujovne.

References

Alfonso Prat-Gay Wikipedia


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