Francisco Rodríguez (economist)

Francisco R. Rodríguez is a Venezuelan economist. From 2000 to 2004, he served as the head of the economic and financial advisory of the Venezuelan National Assembly (Spanish: Oficina de Asesoría Económica y Financiera de Asamblea Nacional).[1] He also joined Torino Economics, the economic analysis branch of New-York based Torino Capital, as chief economist between 2016 and 2019, and served as policy advisor for presidential candidate Henri Falcón in 2018.[2]

Francisco Rodríguez
Rodríguez during an interview, December 2019
Born
Venezuela
Academic career
InstitutionTorino Economics, Bank of America Merrill Lynch, United Nations Human Development Report Office, Wesleyan University
Alma materHarvard University, Andrés Bello Catholic University
Websitehttps://franciscorodriguez.net

Career

From 2000 to 2004, he served as the head of the economic and financial advisory of the Venezuelan National Assembly.[1]

Rodríguez joined Bank of America Merrill Lynch in August 2011 as Chief Andean Economist, covering the economies of Colombia, Ecuador, Peru and Venezuela. In 2012 he successfully called the Venezuelan presidential elections with an out-of-consensus prediction that Chávez would be re-elected by a comfortable margin.[3] He joined Torino Economics, the economic analysis branch of New-York based Torino Capital in July 2016 as chief economist.[2] Rodríguez left Torino Economics on 3 September 2019.[4]

In May 2016, Rodríguez was part of a group of economists under an initiative promoted by the Union of South American Nations (UNASUR) to present an economic stabilization program to the government of Nicolás Maduro, who until then had refused to implement necessary monetary and fiscal reforms to contain prices, stabilize the exchange rate and foster production recovery. The plan was shelved by the Maduro administration.[5]

On 2018, 20 May, the candidate Henri Falcón accused Maduro of rigging the presidential elections and refused to recognize the results.[6] Both him and Rodríguez said the election was not valid.[7] He has since became a senior research fellow at the Center for Economic and Policy Research.[8]

In 2020, the London-based investment fund Ashmore, one of the holders of the Pdvsa 2020 bonds, declared before a New York court that Rodríguez and deputy Rafael Guzmán endorsed in 2016 the legality of the bond swap arguing that the approval of the National Assembly was not necessary.[9][10]

Bibliography
  • Ricardo Hausmann and Francisco R. Rodríguez, ed. (2014). Venezuela Before Chávez: Anatomy of an Economic Collapse. ISBN 978-0-271-05631-9.

References
  1. (in Spanish) (19 June 2001) Esta semana presentan la Ley Orgánica de la Administración Pública, National Assembly of Venezuela.
  2. "Wall Street Contrarian Offers Mea Culpa for Blown Venezuela Call". 2019-04-03. Retrieved 2019-04-03.
  3. Xie, Ye; Cancel, Daniel. "Chavez Win Called by BofA Sparks Selloff as Barclays Flops".
  4. "Economista Francisco Rodríguez se enfocará a encontrar soluciones para Venezuela". El Universal (in Spanish). 2019-03-09. Retrieved 2019-10-29.
  5. "Las propuestas engavetadas de Unasur y el Consejo Nacional de Economía Productiva". Panorama (in Spanish). Retrieved 2019-04-03.
  6. "Henri Falcón denuncia un fraude en los resultados de las elecciones de Maduro y propones nuevos comicios". abc (in Spanish). 2018-05-21. Retrieved 2019-04-03.
  7. NACIONAL, EL (2019-01-16). "Francisco Rodríguez a Claudio Fermín: Maduro se rbó las elecciones del 20M". El Nacional (in Spanish). Retrieved 2019-04-03.
  8. "Francisco R. Rodríguez". Center for Economic and Policy Research. Retrieved 2023-10-20.
  9. "Fondo Ashmore asegura que Francisco Rodríguez y Rafael Guzmán avalaron legalidad del bono Pdvsa 2020". Contrapunto (in Spanish). 2023-10-26. Retrieved 2023-10-26.
  10. "Fondo Ashmore asegura que grupo de Primero Justicia avaló legalidad del bono PDVSA 2020". Petroguia. Retrieved 2023-10-26.
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