Nicolás Dujovne

Nicolás Dujovne (Spanish pronunciation: [nikoˈlaz ðuˈxoβne]; born May 18, 1967) is an Argentine economist and former Minister of the Treasury between 2017 and 2019 under the administration of Mauricio Macri.[1][2][3][4]

This article uses Spanish naming customs: the first or paternal family name is Nicholás and the second or maternal family name is Dujovne.
Nicolás Dujovne
Minister of the Treasury of Argentina
In office
10 January 2017 – 17 August 2019
PresidentMauricio Macri
Preceded byAlfonso Prat-Gay
Succeeded byHernán Lacunza
Personal details
Born (1967-05-18) 18 May 1967
Buenos Aires, Argentina
Political partyRepublican Proposal
Other political
affiliations		Cambiemos (2015–present)
Alma materUniversity of Buenos Aires Torcuato di Tella University

Early life and education

Nicolás Dujovne was born in Buenos Aires on 18 May 1967. He is the son of the architect Berardo Dujovne. He graduated with a degree in Economics from the University of Buenos Aires and the University of California, as well as undertaking postgraduate studies at the Universidad Torcuato Di Tella.[5] He was a professor at the University of Buenos Aires.[6]

He was Secretary of the National Treasury Department between 1997 and 1998 as chief of advisors to Pablo Guidotti, during the presidency of Carlos Menem. He was also appointed by the State to be the director of Papel Prensa S. A., a newsprint paper manufacturer, and represented the Ministry of Economy in the Central Bank of Argentina. In the private sector, from 2001 to 2011, he was the chief economist at Banco Galicia in Buenos Aires. He then worked in various consultancies until in 2014 he founded his own financial consulting firm specializing in macroeconomics, serving there as a director. He has also been a consultant to the World Bank in Buenos Aires and Washington, D.C.[5]

He was a columnist in the daily newspaper La Nación and co-hosted the program Odyssey Argentina on the television channel Todo Noticias of the Clarín Group.

Politics

In 2010 he was economic advisor for the presidential campaign of Ricardo Alfonsín, the son of President Raúl Alfonsín. Close to Mauricio Macri, Dujovne has been coordinator of the economic cabinet of his government, along with Mario Quintana, working in the technical teams of the Pensar Foundation,[6] and contributing during his presidential campaign on fiscal issues. Since 2012 he has also advised the block of the Radical Civic Union of the Senate of the Argentine Nation, forming part of the temporary plant.

On December 26, 2016, after the dismissal of Alfonso Prat-Gay by President Macri, the splitting into two of the Ministry of Finance and Public Finance was announced, with Dujovne being appointed Minister of Finance from January 2017. Prior to assuming office, he resigned from the Senate and closed his consultancy.[7]

Minister of the Treasury

Dujovne assumed office on January 10, 2017 with a $16 dollar leaving him at $60 upon his departure from the ministry. The total external debt was US$188.7 billion which rose during its management in 2019 to US$275.8 billion. Its first year of management, 2017, ended with an annual inflation of 24.8%; 2018 ended with an accumulated of 47.6% and projected above 50% in 2019. During its time in the ministry, unemployment rose to 10.1% and poverty reached 32% of Argentines. Also, the elimination of subsidies continued by increasing rates.

In September 2018, it announced the imposition of withholdings on all exports of Argentine goods and services. During 2019, Argentina suffers the greatest tax pressure in 60 years.

Its management is summarized in the return of Argentina to the International Monetary Fund, requesting an emergency rescue in 2018 using the largest loan in the history of the IMF to try to clean up public accounts.

On August 17, 2019 Dujovne presented his resignation to President Mauricio Macri in the middle of a currency run that raised the value of the dollar from $45 to $60 in full recession, with an inflation rate among the highest in the world above 50% annual, a devaluation of 33% in three days, a collapse of Argentine shares and a shot of the country risk close to 2000 points, the second largest in the world after Venezuela.

Other activities

References
  1. "Nicolás Dujovne, antecedentes del nuevo ministro de Hacienda". Clarín. December 26, 2016.
  2. "Le pidieron la renuncia a Alfonso Prat-Gay: dividen el ministerio y asumen Nicolás Dujovne y Luis Caputo". Clarín. December 26, 2016.
  3. "BOLETIN OFICIAL REPUBLICA ARGENTINA - MINISTERIO DE HACIENDA - Decreto 3/2017". www.boletinoficial.gob.ar. Retrieved 2019-09-15.
  4. "BOLETIN OFICIAL REPUBLICA ARGENTINA - MINISTERIO DE HACIENDA - Decreto 581/2019". www.boletinoficial.gob.ar. Retrieved 2019-09-15.
  5. "Quién es Nicolás Dujovne, el nuevo ministro de Hacienda". Lanacion.com.ar. 26 December 2016. Retrieved 30 March 2019.
  6. "Archived copy". Archived from the original on 2016-12-28. Retrieved 2017-01-03.CS1 maint: archived copy as title (link)
  7. "Dujovne renunció al Senado y cerró su consultora". Minutouno.com. Retrieved 30 March 2019.
  8. Board of Governors Central American Bank for Economic Integration (CABEI).
  9. Board of Governors Archived 2018-11-04 at the Wayback Machine Inter-American Investment Corporation (IIC).
  10. Members International Monetary Fund (IMF).
  11. Members Joint World Bank-IMF Development Committee.
  12. Board of Governors World Bank.
  13. Board of Governors Multilateral Investment Guarantee Agency (MIGA), World Bank Group.
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