Gustavo Petricioli

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Gustavo Petricioli
Secretary of Finance and Public Credit
In office
17 June 1986 – 30 November 1988[1]
PresidentMiguel de la Madrid
Preceded byJesús Silva Herzog
Succeeded byPedro Aspe
Ambassador of Mexico to the United States
In office
17 January 1989 – 15 January 1993[2]
PresidentCarlos Salinas de Gortari
Preceded byJorge Espinoza de los Reyes[2]
Succeeded byJorge Mario Montaño [2]
Personal details
Born(1928-08-19)19 August 1928[1]
Mexico City
Died9 October 1998(1998-10-09) (aged 70) [3]
Mexico City
Political partyRevolutionary Institutional Party (PRI) [4]
Alma materITAM, Yale University

Gustavo Petricioli Iturbide (19 August 1928 – 9 October 1998) was a Mexican economist who served as Secretary of Finance (1986–1988) in the last cabinet of Miguel de la Madrid and as Mexican ambassador to the United States (January 1989 – 1993).[3]


Petricioli was the son of Carlos Petricioli Alarcón and Ada Iturbide Preciat.[4] He received a high school diploma from the Monterrey Institute of Technology (ITESM), a bachelor's degree in Economics from the ITAM (1952) and a master's degree in the same discipline from Yale University (1958).[1] He lectured on Monetary Theory at both ITAM and the National Autonomous University of Mexico (UNAM), and joined the Revolutionary Institutional Party (PRI) in 1952.[4]

Before joining the federal cabinet Petricioli served as undersecretary of Finance (1970–74), as deputy director of the Bank of Mexico (1975–1976), and as director-general of Nacional Financiera (1982–1986).[1] As secretary of Finance, he co-authored the Pact for Stability and Economic Growth (in Spanish: Pacto para la estabilidad y el crecimiento económico), a national strategy to control the fiscal deficit and inflation in coordination with the private sector.[4]

Petricioli died of a heart attack on 9 October 1998 at Los Angeles Hospital, in Mexico City.[3][4] He married Rosa Blanca Morales Murphy and they had two children: Gustavo and Ada. After their divorce, he remarried to Mariluisa Castillón, mother of his next two children Hugo and Maria Luisa. In his honor, a remembrance book, El complejo arte de vivir: homenaje a Gustavo Petricioli, was published by Editorial Porrúa and a statue was erected at ITAM; his alma mater.[5]


  1. ^ a b c d Camp, Roderic Ai (1995). Mexican Political Biographies, 1935-1993 (3rd ed.). University of Texas Press. p. 557. ISBN 9780292711815. Retrieved 2008-11-28.
  2. ^ a b c "Diplomatic Representation for Mexico (United Mexican States)". U.S. Department of State. 2007. Retrieved 2008-11-28.
  3. ^ a b c "Gustavo Petricioli, 70, Mexico's Ex-Envoy". New York Times. 1998-10-12. Retrieved 2008-11-28.
  4. ^ a b c d e Diccionario biográfico del gobierno mexicano (in Spanish). Mexico City: Fondo de Cultura Económica. 1992. ISBN 968-820-177-4.
  5. ^ "Presentación del libro "El complejo arte de vivir. Homenaje a Gustavo Petricioli"" (in Spanish). Instituto Tecnológico Autónomo de México. 2006-05-28. Archived from the original on 2007-10-16. Retrieved 2008-11-28. Cite uses deprecated parameter |deadurl= (help)