Martín Costabal
From Wikipedia, the free encyclopedia
Martín Ignacio Costabal Llona (born 28 July 1949) is a Chilean economist, academic and politician, member of the Independent Democratic Union (UDI).
.jpg)
Martín Costabal | |
|---|---|
Martín Costabal ca. 2018 | |
| Minister of Finance | |
| In office 7 December 1989 – 11 March 1990 | |
| President | Augusto Pinochet |
| Preceded by | Enrique Seguel |
| Succeeded by | Alejandro Foxley |
| Director of the Budget Office | |
| In office 1981–1984 | |
| President | Augusto Pinochet |
| Preceded by | Juan Carlos Méndez |
| Succeeded by | Jorge Selume |
| Personal details | |
| Born | 28 July 1949 |
| Party | Independent Democratic Union |
| Spouse | Yolanda Castillo |
| Children | Three |
| Alma mater | |
| Occupation | Economist, academic |
He served as the last Minister of Finance under General Augusto Pinochet between December 1989 and March 1990.[1][2] Since 2007 he has served as adviser to the Ministry of Finance, holding the position of counsellor to the ministry’s Financial Committee.[3]
Biography
He holds a degree in business engineering from the Pontifical Catholic University of Chile (PUC, 1971), and an MBA from the University of Chicago.[1] He currently serves on the advisory board of the MBA at the Universidad del Desarrollo[4] and has sat on the boards of Empresas CMPC, Empresas Pizarreño, Banco de Chile, Ladeco, the CCU, Cemento Melón, Chilectra and Icare.[1][2]
During his brief tenure as finance minister, he worked alongside the new authorities of the Central Bank of Chile, who, under its newly granted autonomy, pursued a policy of adjustment through interest rates to contain inflation and imports.[2]
He also signed Law No. 18,904, which transferred all employees of the Central Bank of Chile who, as of 31 December 1989, were hired on a fee basis to the permanent staff of the Foreign Investment Committee (CIE).[2]
Costabal was also chief executive officer of AFP Habitat, director of the Fundación Belén Educa, and Chilean governor before the Inter-American Development Bank.[1][5]
In 1995 he received the award for economist of the year from the Pontifical Catholic University of Chile.
In the public sector he also served as Director of the Budget Office,[6] was a member of the team that designed the individual capitalisation system (1974–1980), and adviser to the Ministry of Economy (1979–1980).[1]
He later became a member of the Supreme Tribunal of the Independent Democratic Union (UDI).[7]
In both administrations of Michelle Bachelet, he participated in the commissions that discussed proposals to improve the Chilean pension system.[8][9][10]