Axel Kicillof

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Axel Kicillof
Ak cong 006.jpg
Minister of Economy of Argentina
Assumed office
18 November 2013
President Cristina Fernández de Kirchner
Preceded by Hernán Lorenzino
Personal details
Born (1971-09-25) September 25, 1971 (age 42)
Nationality Jewish
Alma mater Universidad de Buenos Aires

Axel Kicillof (born 25 September 1971) is an Argentine economist.[1] Kicillof is known for having a doctorate in Economics from the University of Buenos Aires, and was appointed the Minister of Economy for Argentina on November 18, 2013.


Kicillof is the second child of three siblings born to psychoanalyst Daniel Kicillof and Psychologist Nora Barenstein, both non-practicing Ashkenazi Jews. Kicillof was raised in the neighborhood of Recoleta.[2][3]

[4] Kicillof holds a doctorate in Economics from the University of Buenos Aires.

He was instrumental in the expropriation and re-nationalization of YPF.[5]

Married to Soledad Quereilhac, he is the father of two children.[1]

He is the current Minister of Economy of Argentina.[6]


Kicillof graduated from the Colegio Nacional de Buenos Aires, where he specialized in social sciences.

He spent his graduate career at the University of Buenos Aires, where he graduated with a degree in Economics, with a focus on the public sector. He holds a doctorate in economics from that university.

Kicillof became a professor at the University of Buenos Aires in the School of Economic and Social Sciences, also teaching undergraduate and postgraduate courses. In the School of Economic Sciences of the university, he organized the independent group TNT (Tontos Pero No Tanto). He is a member of the youth group La Cámpora.

Academic work[edit]

Kicillof was a professor at the School of Economic Sciences at the University of Buenos Aires, a position he obtained through public contest. He was a professor of Microeconomics I and II, Macroeconomics and Political Economics, and Marxist Economics. Macroeconomics II and the History of Economic Thought were the two courses he taught until 2010, the year he joined the public administration, obtaining a license and receiving no salary.

Since 2005, Kicillof has been an adjunct professor at the Institute of Economic Research of the Faculty of Economic Sciences at the Universidad Nacional de Buenos Aires, a position where he also holds a license with no salary.

In 2003, Kicillof became the first Head of Practical Works and, later, regular adjunct professor of Economics II in the sociology track. He also taught economics at the Escuela Superior de Comercio Carlos Pellegrini, the Universidad Nacional de Quilmes, and the Universidad Nacional de General Sarmiento.

At the postgraduate level, Kicillof was professor of economics in the masters and doctoral programs for Social Sciences at the Institute of Economic and Social Development at the Universidad Nacional de General Sarmiento (UNGS-IDES). In the Latin American Faculty of Social Sciences (Facultad Latinoamericana de Ciencias Sociales, FLACSO), he was the professor of the History of Economic Thought in the masters program for Public Policy for Development with Social Inclusion. Earlier, Kicillof taught economics in the masters and doctoral programs for Political Economics with the Argentinian Economy, specializing in two subjects, the History of Economic Thought and Microeconomics and Macroeconomics, Fundamental Concepts of the Political Economy. Kicillof also taught a course entitled "Differentiation of Capital in the Field of Health" in the Faculty of Economics at the University of Buenos Aires.

Since November 2010, Kicillof has been an assistant researcher for CONICET. Between May 2008 and April 2011, he was director of the project UBACYT E017—"Argentina After the Collapse of the Exchange Rate. Continuities and Ruptures: A New Pattern of Growth?" At the Center of Studies for the Planning of Development (CEPLAD) at the Institute of Economics Research (University of Buenos Aires), he was appointed the deputy director and served from 2006 to 2010, when he obtained a license. Between 2004 and 2008, Kicillof also directed the project UBACYT E016—"Searching for a General Economic Explanation. The Development of Capitalism in Argentina, 1880–1975." From 2001 to 2003, Kicillof served as a co-director of the project UBACYT C002—"Globalization and the Agri-food System in Argentina: Towards Social Disarticulation?" Miguel Teubal also served as director. At the same time, Kicillof participated as a researcher on the E021 UBACYT project—"The Crono Structure of Capital" (director Pablo Levín).

Kicillof participated as a researcher in the project UBACYT tea 27—"Agri-food System and Regimes of Accumulation in Argentina" (director Miguel Teubal; 1998–2000), the project UBACYT—"Rotation of Capital" (director Paul Levin; 1999–2000), and the project UBACYT—"Technological Capital. Transformations in the Field of Health and Education" (director Paul Levin; 1998).

Political career[edit]

In 2011, Kicillof was appointed Deputy General Manager of Aerolíneas Argentinas. That same year he was appointed the Director of Siderar, on behalf of the actions that the Argentine State had in that company.

With the start of the second term of Cristina Fernández de Kirchner as President of Argentina, Axel Kicillof was appointed Secretary for economic policy and developmental planning, integrating the organizational chart of officials of the Ministry of economy and public finance of the nation, which was headed by Hernán Lorenzino. After that, on November 18, 2013, Kicillof officially became Minister of Economy.


As part of Kicillof's work at the head of the economic policy Secretariat, Kicillof started to work together with the authorities of the Ministry of Planning and the Secretary of Energy to improve the operational capacity of YPF while in the hands of the Spanish REPSOL. After multiple meetings where it was proposed that the company redirect their profits in new investments in order to post a reverse decline in production without the expected result, the Secretary of economic policy said the attitude of the firm does not seem to go in the direction of what the country needs. Kicillof was quoted by the press for saying "The main goal is to reverse a situation which has been consolidated in recent years, which is a systematic decline in the production of oil and gas that led to Argentina having to import part of its necessary fuel to sustain the growth process". Kicillof also said to the press "The State claims a clear, precise and limited investment plan to reverse the current situation and to constitute a reserve for investments".

On April 16, 2012, President Fernández sent a bill out to declare a public interest on the national level and as a priority objective of the Argentina Republic achieving oil self-sufficiency; on that objective the bill declared it a public utility and claimed it subject to expropriation on 51 of the heritage of YPF SA represented by equal percentage of shares class D undertaking belonging to Repsol YPF. To ensure the normal operation of the company and the preservation of its assets and equity, Decree 53012 transient intervention was established by YPF S.A. for 30 days, which was headed by the Minister of Federal Planning, Julio De Vido and Axel Kicillof, as the subinterventors. In this context, Kicillof and De Vido presented the bill that promoted by the Executives which included the expropriation of 51 percent of YPF's shares, at a plenary session of the committees on Constitutional Affairs, Budget and Mining, Energy and Fuels of the Senate.

Kicillof gave an exhaustive explanation for the fundamental reasons of the decision taken by the Executive. Kicillof's story had at times propagated, academic and historical passages. Kicillof said "The current situation of YPF not must interact only with the privatization of the company, which was in 1992, but mainly with its denationalization (which was at the end of the Menem Decade), when the oil company was converted into one company within a transnational group. YPF was used to solve the international expansion of that group". Kicillof said "For neoliberalism (which began in the military dictatorship and was refined during the Menem) hydrocarbons were considered as simple commodities. The new role of YPF must be associated with the economic development".

Finally, on May 4, 2012, the Chamber of Deputies approved, with 208 affirmative votes, 32 against and 5 abstentions,bill 26741 the law declaring public supply hydrocarbons. The project gained the support of a broad spectrum of the opposition benches, who supported the decision to recover YPF, despite the significant absences from some lawmakers at the time of voting. A month later, the first Assembly of shareholders has held where they had given the State the shareholding majority, Axel Kicillof was appointed principal conductor for the class A shares on behalf of the State Nacional. The new directory has 17 full members and 11 alternates. The Executive appointed seven: Axel Kicillof, Miguel Galuccio, Carlos Alfonsi, Rodrigo Cuesta, Fernando Giliberti, Rodrigo Dasso and Guillermo Pereyra. The Executive named the five provinces: Gustavo Nagel (Neuquén), Rodrigo Ivovich (Santa Cruz), Oscar Cretini (Chubut), Walter Vázquez (Mendoza) and Oscar Lamboglia (Río Negro). In addition the Executive took four independent directors that were proposed by the State: Eduardo Basualdo, Héctor Valley, José Iván Brizuela and Sebastián Uchitel. The only director on behalf of the private shareholders was for Repsol, which named Luis Garcia del Rio.

On June 1, Axel Kicillof and Julio De Vido presented the "Mosconi Report" as the balance of the intervention that led to the enactment of the law in YPF. The report presented the results of the investigation that provided evidence to the strategy of predation, divestment and shortages of domestically deployed group Repsol since it took control of YPF in 1999. In association with de Cabinet of Ministers, the Mosconi Report was published as a booklet, in compliance with and to the right of "access to information" which is guaranteed by the Argentinian National Constitution. Along with Juan Manuel Abal Medina and Damián Loretti, Kicillof presented the publication, in order to show the Government's actions since it was useful information for the Argentinians. Between 2003 to 2011, under the management of Repsol, YPF's oil production dropped 44.2 percent and natural gas shrank 36.6 percent. From the re-nationalization and the National government's taking of 51 percent of the company, the situation began to change into a major investment. During the first year of managing the Argentine State, oil production increased 2.7 percent.[7]

PROCREAR Bicentennial[edit]

On June 12, 2012, at an event at the Museum of the Bicentennial, President Cristina Fernández de Kirchner, Axel Kicillof and the Director General of ANSES, Diego Bossio presented the Argentinian credit program for housing: "PROCREAR Bicentennial". The plan envisages the delivery of loans for the construction of 400,000 homes through the beginning of 2015. On the other hand, the goals are to meet the housing needs of Argentinians and also boost economic activity through the incentive and necessity of construction that this plan would supply.

The program provides for two lines of credit: one for those who have land where building a home is practical and another for housing construction on public land which the State puts at the disposal of PROCREAR. Axel Kicillof was commissioned to give the macroeconomic framework to the launch of the plan of four hundred thousand homes of the past. Kicillof said "We are re-activating the economy while also meeting a pressing need", he continues, "after you point out that this program will generate during the first year a hundred thousand new jobs in a direct way and another 100,000 indirectly.

Published books[edit]

- Smith to Keynes: seven lessons of history of economic thought.[8]

- Foundations of general theory: the theoretical consequences of Lord Keynes.[9]


This article incorporates information from the equivalent article on the Spanish Wikipedia.

External links[edit]