page_title: Mario Marcel
section_title: International Work and Board Member of the Central Bank (2008-)
hierarchical_section_title: Mario Marcel / Career / International Work and Board Member of the Central Bank (2008-)
caption_attribution_description: Español: La Presidenta de la República, Michelle Bachelet, acompañada por el ministro de Hacienda, Rodrigo Valdés, anunció al nuevo presidente del Banco Central, el economista Mario Marcel, quien asumió sus funciones el 10 de diciembre.
context_page_description: Mario Marcel Cullell is a Chilean economist and the Governor of the Central Bank of Chile. He was named Governor in December 2016 and member of the Bank's Board from October 2015. He has been a close collaborator to the governments of the left-center Concertation of Parties for Democracy, and for six years held the position of Budget Director, where he played a key role in the design of the structural surplus rule.
context_section_description: In 2008, he assumed management of the IDB’s Department of Institutional Capacity and Finance in Washington D. C., USA, leading projects that ultimately accounted for more than one third of the IDB’s approvals in that period.
  In early 2011, he moved to Paris, France, to serve as Deputy Director of Public Governance and Territorial Development of the Organization for Economic Cooperation and Development (OECD). In such capacity, he actively participated in the monitoring fiscal consolidation policies in developed countries and launched the agency’s institutional trust agenda. In 2014, he moved to the World Bank as Director of the Global Good Governance Practice, leading a team of more than 900 professionals, with presence in all World Bank country offices.
  On 24 August 2015, he was proposed to the Senate by Ms. Bachelet to replace outgoing Member Enrique Marshall in the Board of the Central Bank of Chile as from one October.19 His nomination was unanimously ratified by the Senate, with 31 votes in favor, and no votes against or abstentions.
  On 25 October 2016, he was appointed by President Bachelet as Governor of the Central Bank, a position he assumed on 11 December, after Rodrigo Vergara completed his five-year term. 
  At the Central Bank of Chile he has carried out a strategic five-year plan 2018-2022, including, among other points, changes in the frequency of information delivery to the market of the Monetary Policy Meetings –reduced from 12 to 8 per year – and the release through the Bank’s website of the Monetary Policy Report and the Financial Stability Report before they were presented to the Senate Finance Committee. He also carried out several changes in its management organization and processes, aimed at streamlining decision-making, optimizing processes and contributing to the institutional sustainability. International Monetary Fund (IMF), Ex-Officio Member of the Board of Governors (since 2016)
caption: On 25 October 2016, the President of the Republic, Michelle Bachelet, accompanied by the Minister of Finance, Rodrigo Valdés, announced the new Governor of the Central Bank, Economist Mario Marcel, who took office on 10 December.
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