Pedro Aspe
Encyclopedia
Pedro Carlos Aspe Armella (born on 7 July 1950 in Mexico City
Mexico City
Mexico City is the Federal District , capital of Mexico and seat of the federal powers of the Mexican Union. It is a federal entity within Mexico which is not part of any one of the 31 Mexican states but belongs to the federation as a whole...

) is a Mexican
Mexican people
Mexican people refers to all persons from Mexico, a multiethnic country in North America, and/or who identify with the Mexican cultural and/or national identity....

 economist. He served as secretary of finance (1988 – 1994) in the cabinet of Carlos Salinas de Gortari, 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 legislator in the early years of the 20th century and his grandfather coordinated the Mexican diplomatic service in the Álvaro Obregón
Álvaro Obregón
General Álvaro Obregón Salido was the President of Mexico from 1920 to 1924. He was assassinated in 1928, shortly after winning election to another presidential term....

 administration.

He undertook his basic studies at private schools managed by the Society of Jesus
Society of Jesus
The Society of Jesus is a Catholic male religious order that follows the teachings of the Catholic Church. The members are called Jesuits, and are also known colloquially as "God's Army" and as "The Company," these being references to founder Ignatius of Loyola's military background and a...

 and received a bachelor's degree in economics from the ITAM
ITAM
ITAM may refer to:*Instituto Tecnológico Autónomo de México, a private research university located in Mexico City, Mexico*IT asset management*Immunoreceptor tyrosine-based activation motif...

 and a doctorate in economics from the Massachusetts Institute of Technology
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...

. He is also a member of the Institutional Revolutionary Party
Institutional Revolutionary Party
The Institutional Revolutionary Party is a Mexican political party that held power in the country—under a succession of names—for more than 70 years. The PRI is a member of the Socialist International, as is the rival Party of the Democratic Revolution , making Mexico one of the few...

 (PRI) since 1980 and has been awarded the Order of the Phoenix by the government of Greece
Greece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....

 (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
Miguel de la Madrid
Miguel de la Madrid Hurtado is a Mexican politician affiliated to the Institutional Revolutionary Party who served as President of Mexico from 1982 to 1988.-Biography:...

.

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
Ignacio Bernal 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 archeological projects at Teotihuacan. In 1965 he excavated Dainzú...

; 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
Monterrey
Monterrey , is the capital city of the northeastern state of Nuevo León in the country of Mexico. The city is anchor to the third-largest metropolitan area in Mexico and is ranked as the ninth-largest city in the nation. Monterrey serves as a commercial center in the north of the country and is the...

, and a member of the board of the American International Group
American International Group
American International Group, Inc. or AIG is an American multinational insurance corporation. Its corporate headquarters is located in the American International Building in New York City. The British headquarters office is on Fenchurch Street in London, continental Europe operations are based in...

 (AIG), McGraw-Hill
McGraw-Hill
The McGraw-Hill Companies, Inc., is a publicly traded corporation headquartered in Rockefeller Center in New York City. Its primary areas of business are financial, education, publishing, broadcasting, and business services...

 and its subsidiary Standard & Poor's
Standard & Poor's
Standard & Poor's is a United States-based financial services company. It is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds. It is well known for its stock-market indices, the US-based S&P 500, the Australian S&P/ASX 200, the Canadian...

.
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