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Manuel Marfan L. has been Board Member of the Central Bank of Chile since December 2003.
He graduated in economics from the University of Chile in 1977 and received a Ph.D. from Yale University in 1986 with his thesis on fiscal policy.
Before joining the Bank, Mr. Marfán was regional advisor and director of the Economic Development Division of the Economic Commission for Latin America and the Caribbean, ECLAC from 2000 to 2003. He was Finance Minister (1999-2000), Finance Under-Secretary and chairman of the Capital Market Committee (1994-99). Previously he had been advisor to the Finance Ministry (1993-94), macroeconomic policies coordinator, and executive secretary of the Ministers’ Economic Committee (1990-91).
During this time he was able to push forward tax reforms, banking and capital market reforms, modernization of the Finance Ministry services and actively participated in the design and coordination of macroeconomic policies in the decade 1990-2000.
Mr. Marfán was a researcher at the Corporation for Latin American Economic Research, CIEPLAN (1977-78; 1983-90 and 1992) and for the regional employment program for Latin America and the Caribbean-ILO (1978-81).
He was also member of the group of external advisors to the President of the IDB (2001) and of the external review group of the IMF’s Fiscal Affairs Department (2000). He co-chaired the Hemispheric Committee on international economic and financial affairs, linked to the Free Trade Association of the Americas, FTAA (1995-99).
He has worked as a consultant on macroeconomic and fiscal policies to the governments of Bolivia, Colombia, Ecuador, Dominican Republic and Paraguay and to the National Assembly of Costa Rica. He has lectured in almost all the countries of Latin America and in over ten other countries of Africa, Asia, Europe and North America.
Mr. Marfán has published articles in periodicals and books in Chile and abroad. He has been professor (under-graduate and graduate levels) of macroeconomics and fiscal policy at the Catholic University of Chile, at graduate level at the Latin American Institute for Economic and Social Development, ILADES-Georgetown University, the Latin American Institute for Economic and Social Planning, ILPES and the seminar on Latin American economic policies, SPEAL. He is currently professor of macroeconomics at the University of Chile. | 