Richard Martínez Alvarado

Richard Martínez is a nonresident senior fellow at the Atlantic Council’s Adrienne Arsht Latin America Center. He is a senior advisor at Alvarez & Marsal’s Sovereign Advisory Services, advising emerging market governments on fiscal sustainability, debt management, and structural reforms. He is also managing partner of Latitude Advisors, which connects Latin American companies with global capital markets. 

Martínez previously served as Ecuador’s minister of finance and vice president for countries at the Inter-American Development Bank (IDB). As finance minister, he led fiscal reforms, restructured more than seventeen billion dollars in external debt, secured financing from the International Monetary Fund, and renegotiated debt with China amid the COVID-19 pandemic and declining oil prices. At the IDB, he oversaw a thirteen-billion-dollar portfolio and managed twenty-six country offices. He also served as chairman of the board of CAF–Development Bank of Latin America, president of the IDB Assembly of Governors, and president of the Ecuadorian Business Committee. 

Martínez was named Latin American minister of the year by Global Markets in 2020 and a young global leader by the World Economic Forum in 2019.