Luis Ernesto Derbez Bautista 2006
Luis Ernesto Derbez Bautista
PhD '80, Economics
Mexico City, Mexico
Luis Ernesto Derbez Bautista (PhD ’80, economics) has been surprising people all of his adult life with his intellect and his uncommon dedication to serving others.
The academic potential he displayed while attending the University of San Luis Potosi in his native Mexico, where he earned a baccalaureate degree in economics, led to his receiving a Fulbright Scholarship to study economics at the University of Oregon, where he received his master’s degree. He joined the faculty at the Technological Institute for Higher Education in Monterrey, one of Mexico’s most prestigious private institutions, and quickly advanced to director of the Department of Economics. After completing his PhD at Iowa State, he was appointed vice rector for academics at the University of the Americas in Puebla, another of Mexico’s top private institutions.
In 1983, Dr. Derbez left academia to join the World Bank as an economic adviser and analyst, where, again, he quickly advanced in responsibility to become supervisor of multilateral economic assistance programs in several Asian and Latin American nations. Among his many contributions in his 17 years with the World Bank was providing key leadership in economic recovery efforts in Honduras and Nicaragua following the devastation of Hurricane Mitch.
In 2000, Dr. Derbez made another signicant career shift when he decided to enter the political arena in his native Mexico. He became the principal economic adviser to National Action Party presidential candidate Vincente Fox, who surprised the nation and the world when he ended 80 years of opposition party rule by winning the presidency. Fox appointed Dr. Derbez Secretary of Economics, and he became the principal architect for the “Growth with Quality” economic policy of the Fox administration. In 2003, Fox appointed him Secretary of Foreign Affairs, a position that oversees the development and execution of foreign policy for the Government of Mexico.
Dr. Derbez is a member of honor societies on four continents: Europe, Asia, and North and South America. He is an annual member of the ISU Alumni Association. He and his wife, Rosa Maria Aranda de Derbez reside in Mexico City and have three children: Ana, Alicia and Marta, and one grandchild.