May 1, 2006
Andres Velasco, Chile's new finance minister.Andrés Velasco is in a unique position. As Chile's finance minister, his task to continue the country's economic success is unlike that of most of his counterparts in Latin America. Sworn in last March, at the same time as Chile's first female president, Michelle Bachelet, Velasco took leave as a tenured professor at Harvard to help her guide the economic growth of the country.
Sitting in the office of the Chilean representative to the IMF, 45-year-old Velasco explains how he plans to help his country further benefit from the dramatic rise in the price of copper, which reached $3 a pound on the central London Metals
Chile's debonair new finance minister, a career intellectual and academic, has big plans for putting high copper prices to work for his country.