She holds a bachelor's in Business Management from Escuela Politécnica del Ejército (Army Polytechnic School, Ecuador), as well as a Master of Science in Management from the MIT Sloan School of Management and a Ph.D in Management Science with a concentration in Finance from the Illinois Institute of Technology Stuart School of Business.
Dr. Barreiro was a Financial Sector Coordinator at the Central Bank of Ecuador from 1992 to 1994. She was responsible for the supervision and implementation of the Financial Sector Project with the IDB, which included the financial sector and capital markets law, social security reform, and the modernization of other government financial institutions
From 1997 to 1998, Dr. Barreiro served as an economic and financial advisor for the National Council for State Modernization and Privatization (CONAM). In this capacity, she supervised every aspect for company valuations in the privatization of the national telecommunications and electric sector.
In 2005, Dr. Barreiro served as Ecuador’s Minister of Economy and Finance and as the General Undersecretary of Finance. She was responsible for managing fiscal and economic policies and oversaw the country’s fiscal finances. Dr. Barreiro is credited with bringing the country back to the international capital markets with its first new sovereign debt offering in almost a decade and re-establishing good working relationships with its creditors.
She is currently the Dean of the Management School and Professor of Finance at Universidad San Francisco de Quito and serves as an independent consultant on Ecuador’s economic and political developments for Global SourcePartners, a network of independent advisors based in New York. She also holds a courtesy Professor position at the Johns Hopkins Carey Business School.
| Minister of Economy and Finance of Ecuador
August 8, 2005 – December 28, 2005
- "Ecuador asks Venezuela for 6 mth grace period before paying crude oil". Forbes. August 25, 2005.
- "Colegio de Administración para el Desarrollo - Profesores - Decano - Magdalena Barreiro" (in Spanish). Universidad San Francisco de Quito. Retrieved 11 July 2013.
- "Magdalena Barreiro reemplaza a Correa" (in Spanish). El Universo. 9 August 2005. Retrieved 4 June 2013.