In Mexico’s economic and political history, few names carry as much weight as David Ibarra Muñoz. His distinguished career has taken him from the classrooms of the National Autonomous University of Mexico (UNAM) to high-ranking positions in the federal government.
As if that weren’t enough, he is part of the inner circle of businessman Carlos Slim Helú. Below, we explore his life and impact in the public and private sectors.
Who is David Ibarra Muñoz?
Born on January 14, 1930, in Santiago de Querétaro, Querétaro, David Ibarra Muñoz is a renowned Mexican economist with a solid academic background and a professional career spanning more than six decades. In 1952, he earned his accounting degree from UNAM and five years later earned a doctorate in economics from Stanford University. His academic career includes positions as professor of economics and director of graduate studies at the UNAM School of Economics.
In the public sector, Ibarra Muñoz played key roles as an economist at the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile, and as regional director in Mexico City.
His tenure at Nacional Financiera in 1976 catapulted him to the position of Secretary of Finance and Public Credit under President José López Portillo (1977-1982). During his tenure, he faced challenges such as the fall in oil prices and the economic crisis that marked that six-year term.
Following the nationalization of the banking sector, Ibarra Muñoz was appointed director of the National Bank of Mexico (Banamex), where he played a crucial role in managing the Mexican economy.
David Ibarra Muñoz’s relationship with Carlos Slim Helú
In the private sector, David Ibarra Muñoz has consolidated his prestige as a member of the boards of directors of Grupo Carso and América Móvil, iconic companies led by Carlos Slim Helú. His experience in economics and his knowledge of the public sector have been key to consolidating the leadership of these companies both in Mexico and internationally.
The collaboration between Ibarra and Slim reflects a synergy between business vision and government experience, providing strategic solidity to the magnate’s businesses. Furthermore, his role as a close advisor underscores the importance of having experienced figures who bring diverse perspectives to corporate management.
With a life dedicated to public service, teaching, and the private sector, David Ibarra Muñoz exemplifies the connection between economics and business leadership in Mexico.
Source: ambito
