Gustavo Petricioli

Gustavo Petricioli
Secretary of Finance and Public Credit
In office 1986 – 1988
President	Miguel de la Madrid
Preceded by	Jesús Silva Herzog
Succeeded by	Pedro Aspe
Ambassador of Mexico to the United States
In office 17 January 1989 – 15 January 1993
President	Carlos Salinas de Gortari
Preceded by	Jorge Espinoza de los Reyes
Succeeded by	Jorge Mario Montaño
Personal details
Born	(1928-08-19)19 August 1928 Mexico City
Died	Mexico City
Political party	Revolutionary Institutional Party (PRI)
Alma mater	ITAM, 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).

Biography

Petricioli was the son of Carlos Petricioli Alarcón and Ada Iturbide Preciat. 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). 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.

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). 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.

Petricioli died of a heart attack on 9 October 1998 at Los Angeles Hospital, in Mexico City. He married Rosa Blanca Morales Murphy and they had two sons: Gustavo and Ada. After their divorce, he remarried to Mariluisa Castillón, mother of his sons 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.