Hernán Lorenzino
| Hernán Lorenzino | |
|---|---|
 |
|
| Minister of Economy of Argentina | |
|
In office December 10, 2011 – November 18, 2013 |
|
| President | Cristina Fernández de Kirchner |
| Preceded by | Amado Boudou |
| Succeeded by | Axel Kicillof |
| Secretary of Finance | |
|
In office April 25, 2008 – December 10, 2011 |
|
| President | Cristina Fernández de Kirchner |
| Preceded by | Hugo Secondini |
| Succeeded by | Adrián Cosentino |
| Personal details | |
| Born |
March 5, 1972 La Plata, Argentina |
| Nationality |
 Argentine
|
| Alma mater | National University of La Plata |
Hernán Gaspar Lorenzino (born March 5, 1972) is an Argentine lawyer and public policy maker. He was appointed Minister of Economy of Argentina by President Cristina Kirchner in 2011.
Lorenzino was born in La Plata. His family moved to Puerto Madryn, Chubut Province, in 1974, and Lorenzino was raised in the coastal Patagonia city. He met his future wife there, and together they enrolled at the National University of La Plata, where Lorenzino earned a Law degree and a master's degree in public finance; he later earned a master's degree in Economics at Torcuato di Tella University.
He was appointed Provincial Director of Funding Policy and Public Credit for the Province of Buenos Aires by Governor Felipe Solá in 2004, during which tenure he managed the redemption of the remaining Patacón bonds issued as complementary currency by Governor Carlos Ruckauf during the depths of the 2001 crisis.
Following the end of Solá's administration in 2007, Lorenzino was appointed Financial Representative for Argentina in Washington, D.C. The resignation of Economy Minister Martín Lousteau amid the 2008 Argentine government conflict with the agricultural sector in April, led to Lorenzino's appointment as Secretary of Finance for the new Economy Minister, the more conciliatory Carlos Rafael Fernández. Lorenzino managed the second phase of the Argentine debt restructuring in this capacity; its first phase had been initiated in 2005 by Economy Minister Roberto Lavagna, and had resulted in the renegotiation of two-thirds of the US$82 billion in sovereign bonds defaulted in 2001. The second phase, involving the renegotiation of US$18 billion in bonds retained by holdouts from the 2005 exchange, was completed in June 2010. Holders of two-thirds of this latter tranche accepted the offer prepared by Lorenzino, and the proportion of bonds rescued from default thus rose to over 92%.
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