Miguel Braun Explained

Miguel Braun
Office:Executive Director for Argentina and Haiti at the Inter-American Development Bank
Term Start:1 february 2024
Predecessor:Marcelo Daniel Barg
Office1:Secretary of Economic Policy of the Argentine Republic
Term Start1:4 october 2018
Term End1:9 september 2019
Predecessor1:Guido Sandleris
Successor1:Sebastián Katz
Office2:Secretary of Commerce of the Argentine Republic
Term Start2:10 december 2015
Term End2:4 october 2018
Predecessor2:Augusto Costa
Successor2:Ignacio Werner
Birth Date: df=y November 30, 1973
Birth Place:Buenos Aires, Argentina
Party:Republican Proposal
Residence:Washington, D.C., United States
Alma Mater:University of San Andrés
Occupation:Economist

Miguel Braun Cortés (born November 30, 1973) is an Argentine economist and policymaker who served was Secretary of Commerce of the Ministry of Production (2015–2018) and Secretary of Economic Policy of the Ministry of Finance (2018–2019) of the Argentine Republic.

He currently serves as the executive director of the Inter-American Development Bank representing Argentina and Haiti.[1]

Biography

Braun holds a bachelor's degree, summa cum laude, in Economics from University of San Andrés.[2] He graduated with honors in 1996.[3]

He continued his postgraduate studies in the United States. He obtained a PhD in Economics from Harvard University.[3] [4]

Between 2000 and 2003 he was a member of the Academic Council of Universidad of San Andrés, as well as a professor of Economic Policy, Banking Theory and Macroeconomics. He also worked as a professor at the Torcuato di Tella University and at the University of Buenos Aires.[3] [5]

Professional activity

In 2000, he was co-founder of CIPPEC (Center for the Implementation of Public Policy for Equity and Growth), where he worked as Director of Fiscal Policy (2000–2006) and executive director (2007–2010).[6]

He has served as an economic consultant to the World Bank, Inter-American Development Bank, CELAC, UNICEF and the Ministry of Economy (Argentina), among others.[3] [7] [8] [9] [10]

Between 2010 and 2015 he served as the executive director of Pensar Foundation.[11] [12]

In February 2013, he was appointed as Director of Bank of the City of Buenos Aires, a position he held until December 2015.[13] [3]

Political career

On December 10, 2015, was appointed Secretary of Commerce of the Argentine Republic, a then dependent body of the Ministry of Production. He held this position until October 4, 2018. In this role, he was responsible for overseeing trade policies, negotiations and regulations, and competition and consumer protection measures.[14]

One of the main priorities of the Mauricio Macri administration was to open up Argentina's economy to international trade.[15]

Braun also focused on consumer protection issues. He worked to improve consumer rights and ensure that businesses adhered to fair trade practices. He played a role in the formulation and promotion of competition law reforms in Argentina.[16]

Miguel Braun was actively involved in the negotiations surrounding the EU-Mercosur Trade Agreement.[17] This agreement aimed to establish a free trade zone between the European Union and the Mercosur countries (Argentina, Brazil, Paraguay, and Uruguay). The agreement, which had been under negotiation for many years, was seen as a significant achievement during his time as Secretary of Commerce. It was intended to open up new markets for Argentine exports and strengthen economic ties between the two regions.[18] However, the agreement also faced challenges and controversy. "It is true that the agreement will make us compete with the best, but the agreement gives us room to maneuver," Braun said on Twitter.[19]

VUCE (Ventanilla Única de Comercio Exterior – Single Window for Foreign Trade) is a digital platform aimed at simplifying and streamlining foreign trade procedures in Argentina. Miguel Braun's work involved supporting the development and implementation of VUCE, which was designed to reduce bureaucracy and improve efficiency in international trade processes.[20] [21]

During Miguel Braun's tenure, trade negotiations with the United States included discussions related to steel and aluminum trade, as well as broader trade issues. In 2018, the U.S. president, Donald Trump, imposed tariffs of 25% on steel imports and 10% on aluminum imports. However, the Argentine government initiated negotiations to secure an exemption from these tariffs, a benefit currently enjoyed by Mexico and Canada.[22] To pursue this exemption, Miguel Braun traveled to Washington to meet with U.S. authorities.[23] [24]

Some of the policies advocated by Miguel Braun and the Macri administration were met with resistance and controversy.[25] For example, the removal of export taxes on agricultural products led to protests from some sectors of the main opposition.[26] [27]

On 4 October 2018 he was appointed Secretary of Economic Policy, a position he held until 9 September 2019.[28] [29] [30] [31]

Braun was part of the economic team that implemented a series of economic reforms aimed at stabilizing the Argentine economy. These reforms included efforts to reduce inflation, fiscal deficits, and government intervention in the economy. "We haven’t improved, but the foundations of the economy and society are much healthier", Braun explained to the New York Times in 2019. "Argentina is in a better place to generate a couple of decades of growth."[32]

Current

Between 2020 and 2021, he worked as an associate at the Harvard Kennedy School's Growth Lab.[33]

He is currently a senior advisor in the Americas Programme at the Center for Strategic and International Studies (CSIS).[34]

In February 2024, he was appointed as executive director of the Inter-American Development Bank for Argentina and Haiti.[1] [35] [36]

Books

Awards and recognitions

Grand Officer of the Order of Rio Branco, Federative Republic of Brazil (2017).

Konex Award 2008: Merit Diploma in the category of Social Development Institutions, awarded to CIPPEC.[37]

Economics Department Fellowship, Harvard University (1996–98)

Notes and References

  1. Web site: Miguel Braun CV. 2024-02-26. Inter-American Development Bank. en.
  2. Web site: Nuestros graduados. 2023-09-17. Universidad de San Andrés. es.
  3. Web site: Miguel Braun CV. 2023-09-17. Instituto de Estudios sobre la Realidad Argentina y Latinoamericana. es.
  4. Web site: Miguel Braun. 2023-09-17. Harvard Club de Argentina. es.
  5. Web site: Fiscal Rules for Subnational Governments. Some organizing principles and Latin American experiences. 2023-09-17. Ideas. en.
  6. Web site: Miguel Braun. 2023-09-17. CIPPEC. es.
  7. Web site: IDB seminar: Latin America must devise comprehensive programs to protect workers during hard times. 2023-09-17. IDB. en.
  8. Web site: ¿Para qué sirven las reglas fiscales?: un análisis crítico de la experiencia argentina. 2023-09-17. CEPAL. es.
  9. Web site: Strengthening Argentina's Integration in the Global Economy. 2023-09-17. World Bank Group. en.
  10. Web site: Quién es Miguel Braun. 2023-09-17. iProfesional. en.
  11. Web site: El remedio es peor que la enfermedad. 2023-09-17. Ámbito Financiero. es.
  12. Web site: Infraestructura, esa idea política. 2023-09-17. La Nación. es.
  13. Web site: Memoria 2015. 2023-09-17. Banco Ciudad. es.
  14. Web site: Argentina elimina aranceles de importación para insumos y bienes tecnológicos. 2023-09-21. Reuters. es.
  15. Web site: Argentina Returns to Global Debt Markets With $16.5 Billion Bond Sale. 2023-09-21. The Wall Street Journal. en.
  16. Web site: Anticipan un clima inversor con la futura ley de defensa de la competencia. Télam. es.
  17. Web site: Acuerdo comercial entre UE y Mercosur podría estar listo en dos años: Argentina. Télam. es.
  18. Web site: Mercosur-European Free Trade Association Agreement. Inter-American Development Bank (IDB). en.
  19. Web site: EU, Mercosur strike trade pact, defying protectionist wave. Inter-American Development Bank (IDB). en.
  20. Web site: Finding Our Way Through the Border Labyrinth. Inter-American Development Bank (IDB). en.
  21. Web site: Argentina: Strategic Trade Agenda . Argentine Embassy in Japan. en.
  22. Web site: Macri calls Trump to exempt Argentina from US steel tariff. S&P Global. en.
  23. Web site: U.S. Allies Brace for Trade War as Tariff Negotiations Stall. New York Times. en.
  24. Web site: Trade envoy Braun optimistic US will drop aluminium, steel tariffs. Buenos Aires Times. en.
  25. Web site: G-20 Host Argentina Struggles to Shake Off Protectionist Past. Bloomberg. en.
  26. Web site: Argentina axes disputed grain and beef export controls. BBC. en.
  27. Web site: Argentina to Remove Export Taxes on Some Agricultural Products. The Wall Street Journal. en.
  28. Web site: Miguel Braun será el nuevo secretario de política económica. 2023-09-17. Perfil. es.
  29. Web site: Cambios en Hacienda: renuncia Braun y oficializan equipo de Lacunza. 2023-09-17. Ámbito Financiero. es.
  30. Web site: Miguel Braun is named new Secretary of Economic Policy of the Ministry of Treasury. 2023-09-21. Ministry of Economy (Argentina). en.
  31. Web site: Banking Essentials Newsletter: 23rd August edition. 2023-09-21. S&P Global. en.
  32. Web site: Argentina’s Economic Misery Could Bring Populism Back to the Country. 2023-09-21. New York Times. en.
  33. Web site: Growth Lab. 2023-09-17. Harvard University. es.
  34. Web site: Growth Lab. 2023-09-17. CSIS. es.
  35. Web site: El Presidente designó a dos exfuncionarios de Macri como representantes ante el BID y el Banco Mundial. 2024-02-26. La Nación. es.
  36. Web site: Javier Milei ya completó su equipo para trabajar en Washington. 2024-02-26. Clarín. es.
  37. Web site: Premios Konex – 2008. 2023-09-17. Fundación Konex. es.