Hernán Lorenzino: “The worst economic minister in Latin America ‘
February 13, 2013
According to a ranking by the magazine America Economy, part of Dow Jones & Co. (the publisher of The Wall Street Journal), “Economy Minister Hernan Lorenzino, finished last as the worst finance minister in Latin America, surpassing his pair of Venezuela, Jorge Giordani”.
In August 2012, Global Finance magazine conducted a survey of 50 countries around the world where the head of the Central Bank of Argentina, Mercedes Marco del Pont, came last on the list along with her pair of Ecuador.
America Economy published a ranking of finance ministers from Latin America where Hernán Lorenzino takes last place, and is considered the worst in the region outperforming his pair of Venezuela that was second to last.
First place went to the Peru Minister of Economy and Finance Luis Miguel Castilla, the second place went to the minister of Chile, Felipe Larrain for “maintaining fiscal discipline and implement major reforms” and complete the podium Colombian Juan Carlos Echeverri.
Lorenzino drew the lowest score among respondents who placed him at No. 18, down from Venezuelan Jorge Giordani.
As reported on Wednesday the Daily Chronicle, ‘the ranking by magazine includes the following variables: institutional strength of the ministry, stabilizing the economy and promoting policies and reforms that encourage development’.