Our Researchers
CAF's research team includes four principal economists that perform as research leaders, and many economists that are a part of their teams. CAF's research team covers mainly macroeconomic subjects, such as: economic development, foreign trade and integration, quantitative macroeconomics, labor economics, health economics, and education economics among others.
Our researchers lead the reflection and economic analysis as pilars of the business process and CAF's strategy design, while at the same time they promote the debate on public policies in the region.

Verónica Frisanchio
Manager, Knowledge Management Department at CAF

Verónica Amarante
Director of Socioeconomic Research at CAF

Jessica Roldán Peña
Director of Macroeconomic Studies at CAF

Walter Cont
Acting Director of Socioeconomic Research at CAF

Fernando Álvarez
Senior Economist, Socioeconomic Research Department at CAF

Guillermo Alves
Principal Economist, Socioeconomic Research Department at CAF

Pablo Brassiolo
Senior Economist, Socioeconomic Research Department at CAF

Dolores de la Mata
Principal Economist, Socioeconomic Research Department at CAF

Ricardo Estrada
Principal Economist, Socioeconomic Research Department at CAF

Gustavo Fajardo
Principal Economist, Socioeconomic Research Department at CAF

Manuel Toledo
Principal Economist, Macroeconomic Studies Department at CAF

Lian Allub
Principal Economist, Socioeconomic Research Department at CAF

Juan Odriozola
Principal Economist, Socioeconomic Research Department at CAF

Tatiana Rosa
Principal Economist, Socioeconomic Research Department at CAF

Federico Juncosa
Executive, Socioeconomic Research Department at CAF

Florencia Buccari
Executive, Socioeconomic Research Department at CAF

Carla Calá
Officer, Socioeconomic Research Department at CAF

Martín Finkelstein
Officer, Socioeconomic Research Department at CAF

Belén Cañuelo
Officer, Socioeconomic Research Department at CAF
Verónica Frisanchio

Manager, Knowledge Management Department at CAF
Verónica Amarante

Director of Socioeconomic Research at CAF
Before joining CAF, she served as Director of the Economic Commission for Latin America and the Caribbean (ECLAC) Office in Montevideo, where she led the provision of technical cooperation to various government agencies in Uruguay. She also worked as a Social Affairs Officer in ECLAC’s Social Development Division, focusing on research related to labor markets, gender, poverty, and inequality.
In addition, she has worked as a consultant for international organizations such as the World Bank, the Inter-American Development Bank (IDB), the International Labour Organization (ILO), UNICEF, and the United Nations Development Programme (UNDP), among others.
Verónica has a strong academic background. She holds a Bachelor’s degree in Economics from the University of the Republic in Uruguay, a Master’s degree in Economics from Pompeu Fabra University in Spain, and a Ph.D. in Economics from the University of Sussex in the United Kingdom.
Jessica Roldán Peña

Director of Macroeconomic Studies at CAF
Jessica has extensive experience in macroeconomic and financial analysis. She previously served as Director of Economic Analysis at Casa de Bolsa Finamex, where she led the evaluation of Mexico’s economic and financial conditions, produced forecasts for key macroeconomic variables, and provided essential insights to support decision-making.
Before that, she worked at the Bank of Mexico, where she held various roles in the Economic Research Department, eventually becoming Manager of Monetary Research. During her time at the central bank, she developed interest rate scenarios for the Monetary Policy Committee, analyzed the impact of financial markets on the economy, and oversaw the development of analytical tools for monetary policy analysis.
Jessica has a strong academic background. She earned her Bachelor’s degree in Economics, graduating Summa Cum Laude, from the Instituto Tecnológico Autónomo de México (ITAM). She also holds a Ph.D. and a Master’s degree in Economics from the University of California, Los Angeles (UCLA). She has been recognized by Bloomberg as one of the top inflation forecasters in Mexico and has received several awards for her research in economics and finance.
Walter Cont

Acting Director of Socioeconomic Research at CAF
Fernando Álvarez

Senior Economist, Socioeconomic Research Department at CAF
Guillermo Alves

Principal Economist, Socioeconomic Research Department at CAF
Pablo Brassiolo

Senior Economist, Socioeconomic Research Department at CAF
Dolores de la Mata

Principal Economist, Socioeconomic Research Department at CAF
Ricardo Estrada

Principal Economist, Socioeconomic Research Department at CAF
Gustavo Fajardo

Principal Economist, Socioeconomic Research Department at CAF
Manuel Toledo

Principal Economist, Macroeconomic Studies Department at CAF
He holds a Ph.D. in Economics from the University of Rochester (USA), a Master’s degree in Stochastic Models from the Central University of Venezuela, and a Bachelor’s degree in Economics from the same university. His research focuses on macroeconomics and labor economics. Before joining CAF, he was a professor at Carlos III University of Madrid, the Instituto Tecnológico Autónomo de México (ITAM), and the University of Kent in the UK.
Lian Allub

Principal Economist, Socioeconomic Research Department at CAF
Juan Odriozola

Principal Economist, Socioeconomic Research Department at CAF
He holds a Ph.D. in Economics from Arizona State University (USA), where he also earned a Master’s degree in Economics. He also holds a Master’s in International Economics from the University of the Republic (Uruguay) and a Bachelor’s degree in Economics from ORT University, Uruguay. His work focuses on environment, macroeconomics, and inequality. Previously, he worked as an economic analyst in the research department of the Central Bank of Uruguay and taught at Torcuato Di Tella University, Arizona State University, and the University of the Republic.
Tatiana Rosa

Principal Economist, Socioeconomic Research Department at CAF
Federico Juncosa

Executive, Socioeconomic Research Department at CAF
He holds a Master’s degree in Economics from Torcuato di Tella University and a Bachelor’s degree in Economics from the National University of Tucumán. He has been part of CAF’s research team since 2016, conducting applied research in labor economics, infrastructure, and economic development. Previously, he taught undergraduate and graduate courses at Torcuato di Tella University and the National University of Tucumán.
Florencia Buccari

Executive, Socioeconomic Research Department at CAF
She holds a Master’s degree in Development Economics from the University of Nottingham (UK) and a Bachelor’s degree in Economics from the National University of Córdoba. She joined CAF’s research team in 2021, where she has worked on sustainable development, state capacity, and digitalization. Previously, she worked as a consultant in the private sector and as an advisor in Argentina’s public sector.
Carla Calá

Officer, Socioeconomic Research Department at CAF
She holds a Master’s degree in Applied Development Economics from The London School of Economics and Political Science (LSE), and a Bachelor’s degree in Economics from Universidad del CEMA, along with a specialization in Education from Universidad de San Andrés. She has been part of CAF’s research team since 2023, contributing to the development and coordination of the 2025 Economy and Development Report (RED) titled “Close Solutions: the role of local and regional governments in Latin America and the Caribbean.” Previously, she worked at the consulting firm Compass Lexecon in the International Arbitration area and as a teaching assistant at Universidad del CEMA.
Martín Finkelstein

Officer, Socioeconomic Research Department at CAF
He holds a Bachelor’s degree in Economics from the University of Buenos Aires and a Master’s degree in Economics from the National University of La Plata. He has been part of CAF’s research team since 2021, first as a consultant and later as a researcher in the Socioeconomic Research Department. He has contributed to several Economy and Development Reports (RED) and helped coordinate ECAF 2021. Previously, he worked as a consultant in the private sector, as a teaching assistant at the University of Buenos Aires, and as a Public Spending Evaluation and Improvement Analyst in the Cabinet Office of the Province of Buenos Aires.
Belén Cañuelo

Officer, Socioeconomic Research Department at CAF
She holds a Bachelor’s degree in Economics from the National University of La Plata and is currently pursuing a Master’s degree in Economics at the same university. She joined CAF’s research team in 2024, where she is involved in coordinating the 2026 Economy and Development Report (RED) titled “Evolving Territories: the new rural face of Latin America and the Caribbean.” Previously, she worked as an external consultant for CAF, and as a researcher at the Ministry of Economy and the Ministry of Labor of the Province of Buenos Aires. She has also collaborated with CEDLAS and ECLAC.