Andrés Velasco was Minister of Finance of Chile between March 2006 and March 2010.During his tenure he was recognised as Latin American Finance Minister of the Year by several international publications. His work to save Chile´s copper windfall and create a rainy-day fund was highlighted in the Financial Times, the Economist, the Wall Street Journal and Bloomberg, among many others.
In 2011-12 Mr Velasco was the Edward Larocque Tinker Visiting Professor at the School of International and Public Affairs, Columbia University. He is also Senior Academic Advisor to the Blavatnik School of Government at Oxford University. He recently stated that he will run in Chile´s presidential primary, to be held in June 2013.
Andrés Velasco received a BA in economics and philosophy and an MA in international relations from Yale University. He holds a PhD in economics from Columbia University, and was a postdoctoral fellow in political economy at Harvard University and the Massachusetts Institute of Technology (MIT). Prior to entering government, Mr Velasco was Sumitomo-FASID Professor of Development and International Finance at the Harvard Kennedy School of Government, an appointment he had held since 2000. Earlier he was Associate Professor of Economics and Director of the Center for Latin American and Caribbean Studies at New York University and Assistant Professor at Columbia University.
Mr Velasco was the President of Expansiva, a think-tank in Santiago. He has been a consultant to the IMF, the Inter-American Development Bank, the World Bank and the Economic Commission for Latin America and the Caribbean. He was president of the Latin American and Caribbean Economic Association from 2005 to 2007. In February 2006 he received the Award for Excellence in Research granted by the Inter-American Development Bank.