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Jose Lopez Portillo

José López Portillo
Jose Lopez Portillo.jpg
Seal of the Government of Mexico.svg
51st President of Mexico
In office
December 1, 1976 – November 30, 1982
Preceded by Luis Echeverría
Succeeded by Miguel de la Madrid
Secretary of Finance and Public Credit
In office
May 29, 1973 – September 22, 1975
President Luis Echeverría Álvarez
Preceded by Hugo B. Margáin
Succeeded by Mario Ramón Beteta
Director of the Comisión Federal de Electricidad
In office
1972–1973
Preceded by Guillermo Villarreal Caravantes
Succeeded by Arsenio Farell Cubillas
Personal details
Born José Guillermo Abel López Portillo y Pacheco
(1920-06-16)June 16, 1920
Mexico City, Mexico
Died February 17, 2004(2004-02-17) (aged 83)
Mexico City, Mexico
Nationality Mexican
Political party Institutional Revolutionary Party
Spouse(s) Carmen Romano (m. 1951; div. 1991)
Sasha Montenegro (m. 1995)
Children José Ramón
Carmen Beatriz
Paulina
Alma mater National Autonomous University of Mexico
Religion Roman Catholicism

José Guillermo Abel López Portillo y Pacheco (Spanish pronunciation: [xoˈse ˈlopes porˈtiʝo]; June 16, 1920 – February 17, 2004) was a Mexican lawyer and, politician affiliated with Institutional Revolutionary Party (PRI) who served as the 51st President of Mexico from 1976 to 1982.

López Portillo was born in Mexico City, to his father José López Portillo y Weber (1888–1974), an engineer, historian, researcher, and academic, and to Refugio Pacheco y Villa-Gordoa. He was the grandson of José López Portillo y Rojas, a lawyer, politician, and man of letters. He was the great-great-great grandson of José María Narváez (1768–1840), a Spanish explorer who was the first to enter Strait of Georgia, in present-day British Columbia, and the first to view the site now occupied by Vancouver. He studied law at the National Autonomous University of Mexico (UNAM) before beginning his political career.

After graduating, he began his political career with the Institutional Revolutionary Party (PRI) in 1959. He held several positions in the administrations of his two predecessors before being appointed to serve as finance minister under Luis Echeverría, a close friend from childhood, between 1973 and 1975.

When López Portillo entered office, Mexico was in the midst of an economic crisis. He undertook an ambitious program to promote Mexico's economic development with revenues stemming from the discovery of new petroleum reserves in the states of Veracruz and Tabasco by Petróleos Mexicanos (Pemex), the country's publicly owned oil company. In 1980, Mexico joined Venezuela in the Pact of San José, a foreign aid project to sell oil at preferential rates to countries in Central America and the Caribbean. According to some, the economic confidence that he fostered led to a short-term boost in economic growth, but by the time he left office, the economy had deteriorated.


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