David Ibarra Muñoz

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David Ibarra Muñoz
Secretary of Finance (Mexico)
In office
17 November 1977 – September 1982 [1]
President José López Portillo
Preceded by Julio Rodolfo Moctezuma
Succeeded by Jesús Silva Herzog
Personal details
Born (1930-01-14) 14 January 1930 (age 87) [1]
Santiago de Querétaro, Querétaro
Nationality Mexican
Political party Institutional Revolutionary Party (PRI)
Alma mater UNAM, Stanford University
Profession Economist

David Ibarra Muñoz (born 14 January 1930) is a Mexican economist who served as Secretary of Finance (1977–82) during most of José López Portillo's administration.[1] He currently works as an independent advisor and serves in the board of directors of Grupo Carso and América Móvil.[2]

Ibarra Muñoz was born in Santiago de Querétaro, Querétaro, into a family led by David Ibarra, an engineer. He graduated from the National Autonomous University of Mexico (UNAM) with bachelor's degrees in Public Accounting (1952) and Economics (1957) and from Stanford University with a doctorate degree in Economics (1961).[1]

He has lectured in finance, planning and economics at the National University, where he has also served as Secretary of Social Services (1955–57) and as Director of Graduate Studies in the Faculty School of Economics (1967–69). In 1958 he joined the United Nations Economic Commission for Latin America and the Caribbean as an economist in Santiago de Chile, Chile, and two years later he moved back to Mexico City to lead the development research department at its regional office; which he chaired from 1970 to 1973.[1]

When José López Portillo assumed the presidency of Mexico, he served briefly as director-general of Nacional Financiera but was called on 17 November 1977 to substitute the Secretary of Finance, Julio Rodolfo Moctezuma. After failing to control inflation, facing a steep decline in oil prices and making, in his own words, "a series of economic policy blunders",[3] he was asked to step down by the president on September 1982 (barely three months before the end of the presidential term) to chair the then-recently nationalized National Bank of Mexico (Banamex).[1]


  1. ^ a b c d e f Camp, Roderic Ai (1995). Mexican Political Biographies, 1935-1993 (3rd ed.). University of Texas Press. p. 363. ISBN 978-0-292-71181-5. Retrieved 2008-11-02. 
  2. ^ "America Movil SAB de CV". BusinessWeek. Retrieved 2008-12-02. 
  3. ^ Blancas Madrigal, Daniel (2008-04-22). "Pemex necesita nuevo régimen tributario: David Ibarra Muñoz" (in Spanish). La Crónica de Hoy. Retrieved 2008-12-02. No le rehuye al pasado. Fue el artífice hacendario del presidente José López Portillo, época en la que se hablaba de administrar la abundancia del país: el petróleo entre las riquezas.—¿Y qué pasó entonces?—se le pregunta.—Se desató una inflación que no se pudo controlar, cayeron los precios petroleros de manera terrible y se cometió una serie de errores de política económica.