Rodrigo Rato
| Rodrigo Rato | |
|---|---|
 |
|
| Managing Director of the International Monetary Fund | |
|
In office 7 June 2004 – 1 November 2007 |
|
| Preceded by | Anne Osborn Krueger (Acting) |
| Succeeded by | Dominique Strauss Kahn |
| First Deputy Prime Minister of Spain | |
|
In office 3 September 2003 – 17 April 2004 |
|
| Prime Minister | José María Aznar |
| Preceded by | Mariano Rajoy |
| Succeeded by | María Teresa Fernández de la Vega |
| Second Deputy Prime Minister of Spain | |
|
In office 6 May 1996 – 4 September 2003 |
|
| Prime Minister | José María Aznar |
| Preceded by | Juan Antonio García Díez |
| Succeeded by | Javier Arenas |
| Minister of Economy and Competitiveness | |
|
In office 27 April 2000 – 17 April 2004 |
|
| Prime Minister | José María Aznar |
| Preceded by | Position established |
| Succeeded by | Pedro Solbes |
| Minister of Economy and Finance | |
|
In office 5 May 1996 – 27 April 2000 |
|
| Prime Minister | José María Aznar |
| Preceded by | Pedro Solbes |
| Succeeded by | Cristóbal Montoro (Finance) |
| Personal details | |
| Born |
Rodrigo de Rato y Figaredo 18 March 1949 Madrid, Spain |
| Political party | People's Party (temporarily resigned membership) |
| Spouse(s) | Gela Alarcó |
| Children | 3 |
| Parents |
Ramón Rato Aurora Figaredo |
| Alma mater |
Complutense University of Madrid University of California, Berkeley |
| Religion | Roman Catholicism |
Rodrigo de Rato y Figaredo (born 18 March 1949) is a Spanish political figure who served in the government of Spain as Minister of the Economy from 1996 to 2004; a member of the conservative People's Party (PP), he was also First Deputy Prime Minister from 2003 to 2004. Subsequently he became Managing Director of the International Monetary Fund (IMF) and served from 2004 to 2007.
He left the IMF on 31 October 2007, after the World Bank-IMF annual meetings. He was president of Bankia between 3 December 2010 and until its bankruptcy 7 May 2012.
Rato was arrested on 16 April 2015 for alleged fraud, embezzlement and money laundering. His case was still awaiting trial a year later when his name appeared in the Panama Papers. Despite his prior assurances that he did not own companies in tax havens, apparently he used two offshore companies to avoid taxes on millions of euros kept overseas. It has been alleged that he owes taxes to both the Spanish and Panamanian governments.
Rodrigo de Rato was born in Madrid, into a rich textile owning family from Asturias. He is the great grandson of Faustino Rodríguez-San Pedro y Díaz-Argüelles and the son of Ramón Rato. Rato attended a Jesuit school before studying law in the Complutense University.
In 1971 he went to University of California, Berkeley, and received an MBA in 1974 from the Haas School of Business. In 1975 he became involved in the family business, first in Fuensanta, an Asturian mineral water company, and then in two Madrid construction firms. He also became involved in expanding the Cadena Rato chain of radio stations.
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Wikipedia