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Mauricio García Araujo

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Adapted from the English Wikipedia article Mauricio García Araujo, available under CC BY-SA 4.0Updated 11 August 2025
Mauricio García Araujo
BornTemplate:Birth date
Maracaibo, Venezuela
DiedDecember 19, 2012(2012-12-19) (aged 82)
OccupationEconomist
Known forPresident of the Central Bank of Venezuela (1987–1989)

Mauricio García Araujo (7 July 1930 – 19 December 2012) was a distinguished Venezuelan economist who contributed extensively to both governmental and private industry sectors. He held the position of president at the Central Bank of Venezuela from 1987 until 1989, during the tenure of President Jaime Lusinchi.

Early life and education

García Araujo was born in Maracaibo, Venezuela. He completed his undergraduate studies in economics and obtained an MBA from Columbia University in 1953.

Public service

Between 1968 and 1974, he was a member of the board of directors at the Central Bank of Venezuela prior to his appointment as its president from 1987 to 1989. He also served on the boards of prominent state-owned enterprises such as Petróleos de Venezuela, S.A and Corporación Venezolana de Guayana (CVG).

Private sector

In the private arena, García Araujo provided consultancy services to several Venezuelan holding companies, including Grupo Vollmer, Grupo Mendoza, and Grupo Mercantil. He was an economic advisor for Hospital de Clinicas Caracas as well as Electricidad de Caracas, an electricity distributor which transitioned to government ownership in 2007.

Following 1990, he gained recognition as a specialist in family-run business organizations within Venezuela, frequently presenting lectures both nationally and abroad.

Guild

From 1966 to 1968, García Araujo presided over the Asociación Venezolana de Ejecutivos (AVE) and played a foundational role in establishing its corporate governance committee. AVE is dedicated to fostering managerial education and professional development in Venezuela.

Academic institutions

In 1961, he co-established the Instituto de Estudios Superiores de Administración (IESA) located in Caracas. Additionally, he held teaching positions at Universidad Rafael Urdaneta in Maracaibo and founded the Andrés Bello Fellowship at Oxford University.

Works

  • El gasto público consolidado en Venezuela: conferencia (1971)
  • La economía venezolana: de donde viene? hacia dónde va? hay esperanzas? (1981)
  • The impact of petrodollars on the economy and the public sector of Venezuela, Latin American Studies Association, 1982
  • The politics of hydrocarbons in Venezuela (1996)
  • Todo Uslar (2001)