Stephane Garelli
Professor Emeritus, IMD Business School | Founder, IMD World Competitiveness Center | Former Managing Director, World Economic Forum
Former Deputy Managing Director, International Monetary Fund | Former Finance Minister of Chile | Harvard PhD in Economics | International Economic Advisor
Dr. Eduardo Aninat guided Chile's finances as Minister of Finance for nearly six years and then led the IMF as Deputy Managing Director through some of the most volatile years in global economic history. With a Harvard PhD, decades of advisory work across Latin America, and direct experience at the apex of international financial governance, he offers audiences an unmatched inside perspective on how the global economy actually works — and where it is heading.
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Dr. Eduardo Aninat is one of Latin America’s most distinguished economists and international public servants — a Harvard-trained economist who served as Finance Minister of Chile during one of the most transformative decades in the country’s economic history, and subsequently as Deputy Managing Director of the International Monetary Fund, where he was one of four members of the Fund’s senior management team during a period of acute global financial turbulence.
Economics speaker Eduardo Aninat studied economics at the Pontificia Universidad Católica de Chile before earning both his Master’s and PhD in Economics from Harvard University. He began his academic career teaching public finance and economic development at his alma mater and as an assistant professor at Boston University, before spending over a decade as a principal of Aninat, Méndez y Asociados — one of Latin America’s largest economic consultancies — advising governments and international institutions including the World Bank and the Inter-American Development Bank on tax policy, debt restructuring, and development finance.
His entry into Chilean public service deepened progressively through the early 1990s, when he served as official negotiator for the Chilean foreign debt under President Patricio Aylwin, and as chief debt negotiator and senior advisor at the Central Bank of Chile and the Ministry of Finance. In 1989 he served as Harvard University’s Latin American Coordinator for its International Tax Program. In March 1994, President Eduardo Frei Ruiz-Tagle appointed him Minister of Finance — a position he held for nearly six years, guiding Chile’s fiscal policy through a period of strong growth, the aftermath of the 1997 Asian financial crisis, and the consolidation of one of the region’s most robust macroeconomic frameworks.
During his tenure as Finance Minister, Aninat also served as Chairman of the Board of Governors of the International Monetary Fund and the World Bank in 1995–96, and for three years as a member of the Development Committee of both institutions, representing Chile, Argentina, Bolivia, Peru, Uruguay, and Paraguay — a bloc of six nations whose economic interests he championed through landmark discussions on debt relief for heavily indebted poor countries and reform of the international financial architecture. In December 1999, IMF Managing Director Michel Camdessus appointed him Deputy Managing Director, a position in which he served until June 2003 as one of the Fund’s four-member management team, chairing Executive Board meetings and overseeing the Fund’s policy engagement across member governments during the Argentine crisis, the global dot-com correction, and the post-9/11 economic slowdown. He subsequently served as Chilean Ambassador to Mexico and as a board member of the Center for Financial Stability in New York.
As a speaker, Eduardo Aninat draws on a career that spans academic economics, high-stakes government policy-making, and multilateral institution leadership at the highest level. His keynotes offer senior audiences a grounded, jargon-free analysis of the forces shaping the global economy — trade, fiscal sustainability, financial stability, development, and the evolving role of international institutions — delivered with the authority of someone who has sat at the table where the decisions were actually made. He speaks in both Spanish and English, making him equally compelling for Latin American, European, and international audiences.
Drawing on his experience at the IMF and as Finance Minister of Chile, Aninat maps the defining forces reshaping the global economic landscape — from fiscal sustainability pressures in advanced and emerging economies to shifting trade architecture, financial fragmentation, and the economic implications of geopolitical realignment. This keynote gives senior leaders a clear-eyed framework for navigating macroeconomic uncertainty, identifying the structural trends that will drive growth and instability over the next decade, and making better-informed strategic decisions in an environment where the rules of the global economy are in flux.
Few economists have studied and shaped Latin American economic policy at the depth and breadth that Eduardo Aninat has — as Finance Minister of Chile, as the IMF's representative for six South American nations, and as a consultant to governments and institutions across the region. This keynote examines the structural opportunities and persistent constraints facing Latin American economies today: fiscal space, institutional quality, trade integration, investment climate, and the social dimensions of growth. A grounded, evidence-based session for investors, executives, and policymakers seeking a sophisticated reading of the region's economic trajectory.
Aninat managed the fiscal response to the 1997 Asian financial crisis as Chile's Finance Minister and was at the IMF's senior management table during the Argentine financial collapse and the global post-dot-com correction. In this keynote, he distills the lessons he carries from these experiences — what early warning signs governments and institutions consistently miss, what distinguishes effective crisis response from reactive improvisation, and how the international financial system has evolved — and where it remains fragile. A session of particular relevance for financial institutions, central bankers, regulators, and policymakers.
Chile's emergence as one of Latin America's most fiscally disciplined and economically resilient economies was not accidental — it was the product of deliberate policy choices made over decades, many of them during Aninat's tenure as Finance Minister. In this keynote, he examines the design principles behind sound fiscal frameworks, the political economy of fiscal reform, and what the Chilean experience can teach other developing and emerging economies about building sustainable foundations for growth. A session that bridges economic theory and policy practice in a way that speaks directly to business leaders, investors, and government audiences.
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