Francisco died Jan. 27, 2022, in Quito, Ecuador.

He was born Oct. 26, 1947, in Guayaquil, Guayas, Ecuador. After earning a bachelor’s degree at Wesleyan in 1971, Francisco earned an MPA at the Woodrow Wilson School in 1974. After returning to Ecuador, he completed an economics degree at the Universidad Católica in 1979. 

Francisco was a noted economist and government official in Ecuador. His positions included president of the National Planning Board, economics counselor to the Central Bank of Ecuador and later chairman of the bank, president of the Corporación Estudios Economicos, managing director of the Noboa Organisation, and chairman of SweetGold Enterprises.

As a public servant, Francisco was a counselor to the president of Ecuador and a member of the Congress. He also served as minister of financial and public credit and was a coordinator of Ecuador’s Public Enterprise Reform Initiative.

Informing Princeton of Francisco’s death, his family said he spoke very highly of his time at Princeton and remained engaged with the University.

Francisco is survived by his wife, Ana Sofia G. de Ascasubi; and children Sophie, Natasha, Frances, and Luis. 

Graduate memorials are prepared by the APGA.