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Luis Arce was born on 28 September 1963 in [[La Paz]].<ref name=france24>{{Cite web|url=https://www.france24.com/es/20200925-luis-arce-un-delf%C3%ADn-que-nada-sobre-el-capital-pol%C3%ADtico-de-evo-morales|website=[[France24]]|title=Luis Arce, un delfín que nada sobre el capital político de Evo Morales|date=25 September 2020}}</ref> He was the son of Carlos Arce Gonzales and Olga Catacora, both [[Teacher|teachers]].<ref name=france24 /> Arce grew up in a middle-class family, beginning his school studies in 1968 and graduating high school in his home town in 1980. He studied at the Bank Education Institute in La Paz, initially graduating as an [[accountant]] in 1984. In 1991, he received a [[bachelor's degree]] in economics from the [[Higher University of San Andrés]] before completing his studies abroad at the [[University of Warwick]] at [[Coventry]], [[United Kingdom]], where he graduated in 1997 with a [[Master's degree|master's]] in economics. He also holds an [[Honorary degree|honorary doctorate]] from the Universidad de los Andes and the Universidad Franz Tamayo.<ref>{{Cite web|last=VILLALOBOS|first=Tania|date=2016-05-05|title=Luis Alberto Arce Catacora|url=https://periododesesiones.cepal.org/36/es/luis-alberto-arce-catacora|access-date=2020-10-19|website=Trigésimo sexto período de sesiones de la CEPAL|language=es}}</ref>
Luis Arce was born on 28 September 1963 in [[La Paz]].<ref name=france24>{{Cite web|url=https://www.france24.com/es/20200925-luis-arce-un-delf%C3%ADn-que-nada-sobre-el-capital-pol%C3%ADtico-de-evo-morales|website=[[France24]]|title=Luis Arce, un delfín que nada sobre el capital político de Evo Morales|date=25 September 2020}}</ref> He was the son of Carlos Arce Gonzales and Olga Catacora, both [[Teacher|teachers]].<ref name=france24 /> Arce grew up in a middle-class family, beginning his school studies in 1968 and graduating high school in his home town in 1980. He studied at the Bank Education Institute in La Paz, initially graduating as an [[accountant]] in 1984. In 1991, he received a [[bachelor's degree]] in economics from the [[Higher University of San Andrés]] before completing his studies abroad at the [[University of Warwick]] at [[Coventry]], [[United Kingdom]], where he graduated in 1997 with a [[Master's degree|master's]] in economics. He also holds an [[Honorary degree|honorary doctorate]] from the Universidad de los Andes and the Universidad Franz Tamayo.<ref>{{Cite web|last=VILLALOBOS|first=Tania|date=2016-05-05|title=Luis Alberto Arce Catacora|url=https://periododesesiones.cepal.org/36/es/luis-alberto-arce-catacora|access-date=2020-10-19|website=Trigésimo sexto período de sesiones de la CEPAL|language=es}}</ref>


=== Career ===
== Career ==
Arce has spent most of his working life as a [[Official|public official]] beginning in 1987 at the [[Central Bank of Bolivia]] where he has spent a large part of his professional career. From 1992 to 2005, Arce worked in the International Operations Management of the Central Bank of Bolivia as Deputy Manager of Reserves. Between 1994 and 1995, he would be promoted to the position of head of the Department of Information and Publications, of the Research and Analysis Sub-management, under the Management of Economic Studies of the Central Bank of Bolivia.
Arce has spent most of his working life as a [[Official|public official]] beginning in 1987 at the [[Central Bank of Bolivia]] where he has spent a large part of his professional career. From 1992 to 2005, Arce worked in the International Operations Management of the Central Bank of Bolivia as Deputy Manager of Reserves. Between 1994 and 1995, he would be promoted to the position of head of the Department of Information and Publications, of the Research and Analysis Sub-management, under the Management of Economic Studies of the Central Bank of Bolivia.


Revision as of 19:48, 21 October 2020

Luis Arce
President-elect of Bolivia
Assuming office
November 2020
Vice PresidentDavid Choquehuanca (Elect)
SucceedingJeanine Áñez (Interim)
Minister of Economy and Public Finance
In office
23 January 2019 – 10 November 2019
PresidentEvo Morales
Preceded byMario Guillén Suárez
Succeeded byJosé Luis Parada Rivero
In office
23 January 2006 – 24 June 2017
PresidentEvo Morales
Preceded byWaldo Gutiérrez Iriarte
Succeeded byMario Guillén Suárez
Personal details
Born
Luis Alberto Arce Catacora

(1963-09-28) 28 September 1963 (age 61)
La Paz, Bolivia
Political partyMovement for Socialism
SpouseLourdes Brigida Durán Romero
Children
  • Luis
  • Rafael
  • Camila
Parents
  • Carlos Arce (father)
  • Olga Catacora (mother)
Alma materHigher University of San Andrés
University of Warwick

Luis Alberto "Lucho" Arce Catacora (born 28 September 1963) is a Bolivian politician who served twice as Minister of Economy and Public Finance from 2006 to 2017 and in 2019 under President Evo Morales.[1] He is the President-elect of Bolivia after his victory in the 2020 Bolivian general election.

Early life

Luis Arce was born on 28 September 1963 in La Paz.[2] He was the son of Carlos Arce Gonzales and Olga Catacora, both teachers.[2] Arce grew up in a middle-class family, beginning his school studies in 1968 and graduating high school in his home town in 1980. He studied at the Bank Education Institute in La Paz, initially graduating as an accountant in 1984. In 1991, he received a bachelor's degree in economics from the Higher University of San Andrés before completing his studies abroad at the University of Warwick at Coventry, United Kingdom, where he graduated in 1997 with a master's in economics. He also holds an honorary doctorate from the Universidad de los Andes and the Universidad Franz Tamayo.[3]

Career

Arce has spent most of his working life as a public official beginning in 1987 at the Central Bank of Bolivia where he has spent a large part of his professional career. From 1992 to 2005, Arce worked in the International Operations Management of the Central Bank of Bolivia as Deputy Manager of Reserves. Between 1994 and 1995, he would be promoted to the position of head of the Department of Information and Publications, of the Research and Analysis Sub-management, under the Management of Economic Studies of the Central Bank of Bolivia.

He also started working in the academic-university field as an undergraduate and postgraduate professor at different public universities and private universities in Bolivia. He has also given numerous lectures at different universities in Europe, North America, and Latin America including Columbia University in New York, the University of Buenos Aires, and Harvard University.[4]

Minister of Economics

On 23 January 2006, Arce was appointed by President Evo Morales to be Minister of Finance. Three years later, in 2009 he assumed command of the new Ministry of Economics and Public Finance. Some media in Bolivia described Arce as the mastermind behind Bolivia's economic resurgence.[5] Arce oversaw the nationalization of hydrocarbon, telecommunications, and mining companies in Bolivia, as well as the creation of the Bank of the South.[6] He oversaw the rapid expansion of the Bolivian economy, with GDP increasing by 344% and extreme poverty reduced from 38% to 15%.[7][8]

In 2011, the American Economy Magazine ranked Arce the region's 8th-best minister of the economy out of 18.[9] Crowded International Organization has highlighted Arce's work driving the Bolivian economy. Ahead of the 2014 Bolivian general election, The Wall Street Journal considered him the calling card in Morales's reelection.[10]

On 24 June 2017, Luis Arce was forced to give up his position and travel to Brazil to undergo surgery as months earlier he had detected a severe kidney cancer.[11] He remained there for a mandated recovery period before returning to his post as Minister of Economics on 23 January, 2019.

2020 Presidential campaign

Main article: 2020 Bolivian general election

Following the 2019 Bolivian political crisis which saw the resignation of President Evo Morales and his government, new elections were called by Interim President Jeanine Áñez. On 19 January 2020, Morales announced that after eight hours of meetings in Argentina, Luis Arce and former Foreign Minister David Choquehuanca had been chosen to be the candidates of the Movement for Socialism (MAS) in the 2020 elections.

Arce's opponents criticised him as a puppet of Morales, an accusation which he and his party pushed back against. One MAS leader, David Apaza, tried to distance Arce's campaign from the controversial ex-president stating that “Categorically, Evo will not interfere in the government of brother Luis Arce.”[12] Arce himself would state that Morales “Will not have any role in our government.”[13]

Most public opinion polls showed Arce with a lead though without enough to avoid a November runoff. By election night, the divided candidates of the right had managed to partially consolidate around former president Carlos Mesa with Áñez and former president Jorge Quiroga dropping out. Though early results favored Mesa, a quick-count of the vote conducted by polling firm Ciesmori on the morning of 19 October indicated that Arce had won 52.4% of the vote, enough to win the election outright without requiring a runoff.[14] Arce and his party declared victory which Interim President Áñez confirmed on Twitter shortly after.[15] Carlos Mesa, Arce's primary opponent, conceded the election at a news conference saying that initial counts showed a "strong and clear" win for Arce.[16]

Publications

Arce Catacora has published several books and articles on economics, including "The Bolivian Economic Social Communitarian Productive Model" (2015), "Uncertainty and Dollarization in Bolivia",[17] "Is it Appropriate the Mechanism of Bolsin (Central Bank’s currency market)?", "Brief Assessment of Bolivian Exchange Rate Regime", "Contribution to the Debate on Dollarization", "Demand for Money in Bolivia", and "Financial Liberalization and Concentration in the Banking System".[18]

Personal life

Arce is married to Lourdes Brigida Durán Romero. Together they have three children: Luis Marcelo, Rafael Ernesto and Camila Daniela.

References

  1. ^ Bolivian-American Chamber of Commerce[permanent dead link]
  2. ^ a b "Luis Arce, un delfín que nada sobre el capital político de Evo Morales". France24. 25 September 2020.
  3. ^ VILLALOBOS, Tania (5 May 2016). "Luis Alberto Arce Catacora". Trigésimo sexto período de sesiones de la CEPAL (in Spanish). Retrieved 19 October 2020.
  4. ^ "Luis Arce: 'No hay una desaceleración profunda de la economía' - La Razón". web.archive.org. 5 April 2017. Retrieved 19 October 2020.
  5. ^ "Economía y finanzas - El milagro económico de Bolivia". RFI. 1 July 2015. Retrieved 19 October 2020.
  6. ^ Bolivian-American Chamber of Commerce[permanent dead link]
  7. ^ González, Diego. "¿Cuáles son las claves del éxito económico boliviano? | DW | 12.07.2019". DW.COM (in European Spanish). Retrieved 12 May 2020.
  8. ^ Lazcano, Miguel (26 January 2020). "Bolivia redujo a mayor ritmo la pobreza extrema - La Razón". La Razón (in European Spanish). Archived from the original on 26 January 2020.
  9. ^ "Luis Alberto Arce". World Bank Live. 15 March 2016. Retrieved 12 May 2020.
  10. ^ Otis, John (9 October 2014). "Bolivian Leader's Re-Election Calling Card: Socialist Economy Minister". The Wall Street Journal. Retrieved 20 October 2020.
  11. ^ "Ateo y poderoso, Arce llegó a creer en la energía de la oración". www.paginasiete.bo (in Spanish). Retrieved 19 October 2020.
  12. ^ Phillips, Tom; Collyns, Dan (19 October 2020). "Bolivia election: exit polls suggest thumping win for Evo Morales's party". The Guardian. ISSN 0261-3077. Retrieved 19 October 2020.
  13. ^ Rochabrun, Marcelo (20 October 2020). "Exclusive: Bolivia's President-elect Arce says 'no role' for Morales in new government". Reuters. Retrieved 20 October 2020.
  14. ^ Rochabrun, Marcelo; Ramos, Daniel (19 October 2020). "Bolivia's socialists claim victory as unofficial count shows big win". Reuters. Retrieved 19 October 2020.
  15. ^ @jeanineanez (19 October 2020). "Aún no tenemos cómputo oficial, pero por los datos con los que contamos, el Sr. Arce y el Sr. Choquehuanca han ganado la elección. Felicito a los ganadores y les pido gobernar pensando en Bolivia y en la democracia" [We still do not have an official count, but from the data we have, Mr. Arce and Mr. Choquehuanca have won the election. I congratulate the winners and ask them to govern with Bolivia and democracy in mind.] (Tweet) (in Spanish) – via Twitter.
  16. ^ Reeves, Philip (19 October 2020). "Ally Of Socialist Evo Morales On Track To Win Bolivia's Election As Rival Concedes". NPR.org. Retrieved 19 October 2020.
  17. ^ Arce C., Luis Alberto. "Incertidumbre y Dolarización en Bolivia" (PDF). Bolovian Government. Retrieved 12 May 2020.
  18. ^ "Luis Alberto Arce". World Bank Live. 15 March 2016. Retrieved 12 May 2020.
Wikimedia Commons has media related to Luis Arce.


Political offices
Preceded by
Waldo Gutiérrez Iriarte
 Minister of Economics and Finance
2006–2017 		Succeeded by
Mario Guillén Suárez
Preceded by
Mario Guillén Suárez
 Minister of Economics and Finance
2019 		Succeeded by
José Luis Parada Rivero
Preceded by 67th President of Bolivia
Taking office 2020 		Elect
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