for the City of Buenos Aires
December 10, 2013
|Minister of Economy of Argentina|
December 10, 2007 – April 24, 2008
|President||Cristina Fernández de Kirchner|
|Preceded by||Miguel Peirano|
|Succeeded by||Carlos Fernández|
|President of the Bank of the Province of Buenos Aires|
December 28, 2005 – December 9, 2007
|Preceded by||Adolfo Boverini|
|Succeeded by||Guillermo Francos|
December 8, 1970 |
Buenos Aires, Argentina
|Political party||UNEN (since 2013)|
|Alma mater||University of San Andrés
London School of Economics
Martín Lousteau (born December 8, 1970) was the Minister of Economy and Production of Argentina under the administration of President Cristina Fernández de Kirchner, from December 10, 2007, until April 24, 2008. At the age of 37, Lousteau was the youngest person to occupy this office in more than five decades.
Lousteau was born in Buenos Aires. He is a Licentiate in Economics (graduated summa cum laude from the Universidad de San Andrés), and a Master of Science in Economics (at the London School of Economics). He taught as a postgraduate professor at the Universidad Torcuato Di Tella, and as graduate professor at the Universidad de San Andrés.
He is the author of Sin Atajos (No Shortcuts, 2005), a history of Argentina's economic crises, with Javier González Fraga; and Hacia un Federalismo Solidario (Towards a Cooperative Federalism), as well as specialized works and journalistic articles that have been published in Argentina and abroad. Lousteau had also been a tennis instructor (which he quit because of an injury), and worked as a war correspondent in Afghanistan for the magazines El Planeta Urbano and La Razón before the September 11, 2001 attacks.
Lousteau served as chief economist and later director of APL Economía, a consulting firm founded by former Central Bank President Alfonso Prat-Gay, and went on to hold various public offices as well as positions in the private sector. He was appointed Adviser to the President of the Central Bank of Argentina in 2003, for whom he designed a bank matching scheme for the payment of the discount window loans; and served in the Central Bank's Committee on Monetary Policy until 2004). He was appointed by Governor Felipe Solá as Minister of Production of Buenos Aires Province in 2005, and late that year was named Chairman of the Bank of the Province of Buenos Aires and of its parent company, the BAPRO Group, where he served from 2005 until his designation as Economy Minister in December 2007. He later co-founded a business consulting firm, LCG, with Gastón Rossi.
Minister of Economy
Lousteau was President Cristina Fernández de Kirchner's first Economy Minister. The salient feature of his tenure was the controversy surrounding his decision to increase soybean export taxes, which were previously fixed at 35%, and to have them fluctuate in line with global prices for the crop. This has been claimed as the major cause of the protests in the Argentine countryside which took place in early 2008. Lousteau was heavily involved in talks with farmers' leaders but was later sidelined.
Lousteau was rumored as early as two months into his tenure to have declared his intention to resign as a result of disputes with fellow ministers, particularly Commerce Secretary Guillermo Moreno. He denied he would resign; but there was nevertheless continued speculation on his resignation or replacement in the wake of the agrarian crisis. Lousteau resigned on April 24, 2008, with the tax agency chief Carlos Fernández replacing him.
According to the Wall Street Journal, his brief tenure was clouded from the outset by interference from former President Néstor Kirchner's allies. Lousteau's policy initiatives often seemed to be eclipsed by those of Commerce Secretary Guillermo Moreno, a Kirchner loyalist described as "the administration's price policeman."
Foray into politics
Following his dismissal Lousteau contributed a weekly opinion column for the conservative daily La Nación and published two best-selling books on economic theory and history, Economía 3-D (2011) and Otra vuelta a la economía (2012). He received a Yale World Fellowship in 2012. Lousteau married television actress Carla Peterson in New Haven, Connecticut, in September 2012, and the couple had a son, Gaspar, the following January.
Lousteau joined the UNEN coalition, led by the centrist UCR, and was nominated to their City of Buenos Aires party list for Congress in the 2013 mid-term elections. He was one of five UNEN candidates elected to Congress for the City of Buenos Aires; but ongoing differences with caucus leader Elisa Carrió led Lousteau to form his own faction (Suma + UNEN), joined by UNEN Congressmen with roots in the UCR.
- "¿Quién es Martín Lousteau, el nuevo ministro de Economía?". Minuto Uno. November 14, 2007.
- "About Us". LCG S.A.
- Ecolink: Biografía de Martín Lousteau
- Argentina's Economy Minister Is Under Fire Over Soybean Tax. Wall Street Journal, April 7, 2008
- Time Magazine
- BBC News: Argentina's economy chief quits
- New Argentine Economy Chief to Stay Course. Wall Street Journal, April 26, 2008
- "Martín Lousteau". Yale World Fellows.
- "Casamiento expres: boda secreta de Carla Peterson y Martín Lousteau". Diario Popular. October 1, 2012.
- "Martín Lousteau fue presentado oficialmente por Rofolfo Terragno como candidato a diputado". La Nación. June 11, 2013.
- "Carrió y Lousteau se desUNEN en bloques en Diputados". Perfil. December 3, 2013.
- "Bloques". Honorable Cámara de Diputados de la Nación.
|Minister of Economy