Alfonso Prat-Gay is minister of economy and finance of Argentina. Previously, he was a national deputy from the city of Buenos Aires, president of the Central Bank of Argentina, and the president of Fundación Políticas de Gobierno, an organization that aims to formulate economic and social policies for both the city of Buenos Aires and the nation of Argentina.
Prat-Gay earned a degree in economics from the Universidad Católica Argentina in 1989, and obtained his master’s degree in 1994 at the University of Pennsylvania, where he was a PhD candidate. In 1994, Prat-Gay joined JPMorgan in New York and went on to work for the bank in its Buenos Aires and London branches until 2001. He co-founded APL Economía, an economic consulting firm.
In December 2002, at the age of 37, he was named president of the Central Bank of Argentina and served until September 24, 2004. He won the 2004 Euromoney Central Bank Governor of the Year award for his work for having reduced the inflation from 40% to 5% while maintaining an economic growth of 8%. After stepping down, he joined then the Civic Coalition and would have been economy minister had the party won the 2007 presidential election. In the 2009 congressional election, Prat-Gay led the Civic Coalition’s party list for the city of Buenos Aires and was elected by large majority. In Congress, he worked on projects such as increasing banking security, preventing money laundering and drug trafficking, and an extensive deregulation of the Argentine financial system.
Prat-Gay is also chairman of Tilton Capital, an asset management company he co-founded in 2005, and president of the Fundación Andares para el Desarrollo de las Microfinanzas.