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Ministry of Economy, Development and Tourism

The Economy Ministry’s mission is to promote the modernization and competitiveness of Chile’s industrial structure; private initiative and market efficiency; innovation, and the further insertion of Chile’s economy into the international market. Its object is to achieve sustained, sustainable and equitable growth through the formulation of policies, programs and instruments that facilitate Chile's industrial activities, businesses and the Chilean and foreign public and private institutions that are related to the country’s industrial and technological development.

Juan Andrés Fontaine


Fontaine holds an undergraduate degree in Commercial Engineering from Pontificia Universidad Católica de Chile and a master’s degree in Economics from the University of Chicago. He has been Associate Professor of Economics at the Universidad Católica and the Universidad de Chile for many years. He also has been a Visiting Professor at the University of California, Los Angeles (UCLA) in the United States. Fontaine has participated as an Associate Researcher at the Center for Public Research (CEP) and a Board Member with the Institute for Freedom and Development.

Fontaine served as Finance Minister in 2010 and 2011 and was responsible for the launch and development of the Competitive Promotion Agenda, which involved 50 measures for increasing productivity. He was also the Director of Research for the Central Bank from 1984 to 1990. He was a Partner with Fontaine Consultores, has been on the board of various companies and was a permanent columnist for the newspaper El Mercurio.

During President Piñera’s second term, he was appointed Public Works Minister on March 11, 2018. He led significant investment initiatives in that role totaling approximately US$ 1.4 billion in infrastructure projects designed to accelerate the country’s economic recovery.

In June 2019, he was appointed Economy, Development and Tourism Minister, and will be responsible for implementing an active agenda in order to encourage investment, enterprise and productivity in collaboration with the Sustainable Project Management (GPS) and National Productivity and Enterprise (OPEN) offices in order to identify and resolve obstacles that hinder investment in Chile and to improve the regulatory environment, respectively.

He is married to María Inés Correa, with whom he has five children.


Eduardo Riquelme


Mr. Riquelme holds a Degree in Legal Sciences from Universidad del Mar and is a doctoral candidate in Law at Universidad de Navarra.  Over the course of his career, he has practiced law for over 20 years in various firms, specializing in criminal law.  He also has been a university professor, speaker and researcher in that field.

During President Piñera’s first administration, he served as Director of the Political Relations Division of the Ministry Secretary General of the Presidency and as Defense Ministry Cabinet Chief.

He is an active member of the Renovación Nacional party and has twice served as its Deputy Chairman.

Mr. Riquelme is married and has one child.


Mónica Zalaquett


Ms. Zalaquett is a former member of Congress, entrepreneur and radio and TV personality. She studied Journalism in Bolivia and Chile and holds a Diploma in Political Campaign Management from American University.

In December 2009, she was elected to Congress as a member of the Unión Demócrata Independiente (UDI) party to represent the districts of Maipú, Estación Central and Cerrillos from 2010 to 2014. As a legislator, she participated actively on the following standing committees: Tourism, Foreign Affairs, Economics, Inter-Branch Matters, Latin American Integration, Family and Senior Citizens. She chaired the Tourism Standing Committee from 2012 to 2013 and the Economics Standing Committee from 2013 to 2014.

Ms. Zalaquett has dedicated a great deal of effort to social issues, serving on the board of nonprofit Fundación Palestina Belén 2000 and the Metropolitan Region Tourism Committee. Ms. Zalaquett is an active member of the Unión Demócrata Independiente party and served as the party’s Deputy Chair for the period 2010-2011.

She is married and has four children.


Ignacio Guerrero


Mr. Guerrero holds a Degree in Business Administration from Pontificia Universidad Católica de Chile. He was the Municipal Administrator and Interim Mayor of the Municipality of Futrono from 2004 to 2006.

From 2010 to 2014, he was Region Unit Chief in the Ministry Secretary General of the Presidency, where he coordinated the design and implementation of all of the country’s Regional Development Plans. He also was a mediator in social conflicts in Aysén (2011), Arauco (2012) and Tocopilla (2013).

Mr. Guerrero recently served as Director of Partners and Regional Development of the Federation of Chilean Industry (SOFOFA), overseeing the development of institutional relationships with authorities and research centers and creating regional industry programs and indices.

Mr. Guerrero is single and an active member of Evópoli.


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