Manuel Marfán L.

MANUEL MARFAN L.(57) is the Deputy Governor of the Central Bank of Chile since December 2009, and was appointed member of the board of governors on December 2003 for a ten-year term. He is an economist from the Universidad de Chile (1977), and holds a Ph.D. in economics from Yale University (1986).

Before entering the Bank he was a director of the Economic Development Division of ECLAC (2000–2003), providing advice to finance ministers from Bolivia, Colombia, the Dominican Republic, Ecuador, and Paraguay, to Costa Rica’s National Assembly and to the President of the Inter-American Development Bank. He also advised the management of the IMF as a member of the external evaluation group of the Fiscal Affairs Department.

Mr. Marfán was finance minister (1999-2000) and finance undersecretary (1994-1999). Previously he held senior positions in the Chilean finance ministry between 1990 and 1994. During this time at the finance ministry he coordinated technical and regulatory work that led to reforms in tax, banking and capital market legislation and was actively involved in the discussion and design of Chile’s macroeconomic policy.

Currently, Mr. Marfán is the chairman of the Irving Fisher Committee of the Bank for International Settlements. From 1995 to 1999 he was co-president of the Committee on Hemispheric Financial Issues of the Free Trade Area of the Americas, FTAA.

Before taking on public functions he worked as a researcher for CIEPLAN, a Chilean think tank. He has published articles in specialized books and journals. He is a member of the Honor Roll of the alumni of the School of Economics and Business Administration of Universidad de Chile. He has taught courses on macroeconomics and fiscal policy at Universidad de Chile and Pontificia Universidad Católica de Chile.