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Home > Contributor Biographies > Augusto de la Torre

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Augusto de la Torre

Chief Economist, World Bank, USA
Augusto de la TorreAugusto de la Torre

Augusto de la Torre is the chief economist for Latin America and the Caribbean at the World Bank. Since joining the Bank in 1997, he has held the positions of senior adviser in the Financial Systems Department and senior financial sector adviser for the Latin American and Caribbean regions. From 1993 to 1997 he was the head of the Central Bank of Ecuador, and in November 1996 Euromoney nominated him as the year’s “Best Latin American Central Banker.” From 1986 to 1992 he worked at the International Monetary Fund, where, among other positions, he was the IMF’s resident representative in Venezuela (1991–1992). De la Torre has published on a broad range of macroeconomic and financial development topics. He is a member of the Carnegie Economic Reform Network.

Articles by this Author

  • Banks and Small and Medium-Sized Enterprises: Recent Business Developments
    by Sergio Schmukler, Augusto de la Torre, María Soledad Martínez Pería
    A common perception is that small and medium-sized enterprises (SMEs) cannot access appropriate financing. This perception is often supported by academic and policy circles’ “conventional wisdom” that banks are generally not interested in dealing with SMEs, mainly due to SMEs’ perceived opaqueness1 and higher informality.2 As capital markets do not compensate for these deficiencies in the banking sector, the need to receive special assistance,...

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