Martín Costabal

Martín Ignacio Costabal Llona (born 28 July 1949) is a Chilean economist, academic and politician, member of the Independent Democratic Union (UDI).

He served as the last Minister of Finance under General Augusto Pinochet between December 1989 and March 1990. Since 2007 he has served as adviser to the Ministry of Finance, holding the position of counsellor to the ministry’s Financial Committee.

Biography He holds a degree in business engineering from the Pontifical Catholic University of Chile (PUC, 1971), and an MBA from the University of Chicago. and has sat on the boards of Empresas CMPC, Empresas Pizarreño, Banco de Chile, Ladeco, the CCU, Cemento Melón, Chilectra and Icare.

In 1995 he received the award for economist of the year from the Pontifical Catholic University of Chile.

In the public sector he also served as Director of the Budget Office, was a member of the team that designed the individual capitalisation system (1974–1980), and adviser to the Ministry of Economy (1979–1980).

In both administrations of Michelle Bachelet, he participated in the commissions that discussed proposals to improve the Chilean pension system.