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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 9 October 1998(1998-10-09) (aged 70)
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).

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 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.


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