Luis Arce

Luis Alberto Arce Catacora (born 28 September 1963) is a Bolivian politician who served as the Minister of Economy and Public Finance under President Evo Morales.[1] He is the presidential candidate of MAS-IPSP in the 2020 Bolivian general election.[2]

Luis Arce
Minister of Economics and Public Finance
In office 23 January 2006 – 24 June 2017
President	Evo Morales
Preceded by	Luis Carlos Jemio
Succeeded by	Mario Alberto Guillén Suárez
In office 23 January 2019 – 10 November 2019
President	Evo Morales
Preceded by	Mario Alberto Guillén Suárez
Succeeded by	José Luis Parada Rivero
Personal details
Born	Luis Alberto Arce Catacora (1963-09-28) 28 September 1963 La Paz, Bolivia
Political party	Movement for Socialism
Alma mater	Higher University of San Andrés University of Warwick

Minister of Economics

Appointed in 2006, he oversaw the nationalization of hydrocarbon, telecommunications, and mining companies in the country, as well as the creation of the Bank of the South.[3] He oversaw the rapid expansion of the Bolivian economy, with GDP increasing by 344% and extreme poverty being reduced from 38% to 15%.[4][5]

In 2011, the American Economy Magazine ranked Minister Arce Catacora as the 8th best Minister of the Economy in the region, from a total of 18.[6]

Crowded International Organization have highlighted his work driving the Bolivian Economy since 2006. The Wall Street Journal considered him the calling card in the Bolivian Leader's Re-Election.[7]

Academic history

Arce has a master's degree in economics sciences from Warwick University in the United Kingdom, where he lived between 1996 and 1997. In 1991, he graduated with a bachelor's degree in economics from the Higher University of San Andrés (UMSA). He also graduated as an accountant from the Bank Education Institute (Instituto de Educación Bancaria) in 1984 and speaks English, Spanish and Portuguese.[8]

He has been invited to speak in highly regarded universities around the world: Harvard University, Columbia University, American University, Pittsburgh University.[9]

Arce Catacora has published several books and articles on economics, including “The Bolivian Economic Social Communitarian Productive Model” (2015), "Uncertainty and Dollarization in Bolivia",[10] “Is it Appropriate the Mechanism of Bolsin (Central Bank’s currency market)?”, “Brief Assessment of Bolivian Exchange Rate Regime, Contribution to the Debate on Dollarization”, “Demand for Money in Bolivia”, “Financial Liberalization and Concentration in the Banking System”.[11]

Personal life

Arce has three children: Luis Marcelo, Rafael Ernesto and Camila Daniela.

References

1. Bolivian-American Chamber of Commerce
2. "Evo anuncia que Luis Arce será el candidato a la Presidencia por el MAS". El Deber. 20 January 2020. Retrieved 20 January 2020.
3. Bolivian-American Chamber of Commerce
4. González, Diego. "¿Cuáles son las claves del éxito económico boliviano? | DW | 12.07.2019". DW.COM (in Spanish). Retrieved 12 May 2020.
5. Lazcano, Miguel (26 January 2020). "Bolivia redujo a mayor ritmo la pobreza extrema - La Razón". La Razón (in Spanish).
6. "Luis Alberto Arce". World Bank Live. 15 March 2016. Retrieved 12 May 2020.
7. "Bolivian Leader's Re-Election Calling Card: Socialist Economy Minister". Wall Street Journal. 9 October 2014.
8. "Luis Alberto Arce". World Bank Live. 15 March 2016. Retrieved 12 May 2020.
9. "Arce expuso el modelo económico en Harvard" (in Spanish). Página Siete. 5 September 2014.
10. Arce C., Luis Alberto. "Incertidumbre y Dolarización en Bolivia" (PDF). Bolovian Government. Retrieved 12 May 2020.
11. "Luis Alberto Arce". World Bank Live. 15 March 2016. Retrieved 12 May 2020.

José Luis Parada

Political offices
Preceded by Luis Carlos Jemio	Minister of Economics and Finance 2006–2019 Luis Arce Catacora	Incumbent