Gustavo Petricioli

Gustavo Petricioli Iturbide (b. August 19, 1928 in Mexico City) is a Mexican economist. He served as secretary of finance (1986 – 1988) in the last cabinet of Miguel de la Madrid and as Mexican ambassador to the United States.

Petricioli is the son of Carlos Petricioli Alarcón and Ada Iturbide Preciat. He received a bachelor's degree in economics from the ITAM and a master's degree in economics from Yale University. He joined the Revolutionary Institutional Party in 1952.

Before joining the federal cabinet Petricioli served as deputy director of the Bank of Mexico, as under-secretary of finance (1970 – 1974) and as general director of "Nacional Financiera" (1982 – 1986).

As secretary of finance, Petricioli co-authored the Pact for Stability and Economic Growth (in Spanish: "Pacto para la estabilidad y el crecimiento económico"), a national strategy to control the fiscal deficit and inflation in coordination with the private sector.he has 4 children Gustavo Petricioli Morales Ada Petricioli Morales Hugo Petricioli y Marialuisa Petricioli. He is married to Blanca Morales Murphy. A statue of Gustavo Petricioli was erected at the entrance of the "Lomas de Ahuatlan" housing development in Cuernavaca, Mexico. This was done because he was a longtime resident of the city.

Source: "Diccionario biográfico del gobierno mexicano", Ed. Fondo de Cultura Económica, Mexico, 1992.


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