Galia Borja

Galia Borja

Deputy Governor, Banco de Mexico

Galia Borja holds a bachelor’s degree in mathematics from Universidad Nacional Autónoma de México (UNAM, for its acronym in Spanish) as well as two master’s degrees, one in Applied Mathematics and Statistics from The State University of New York (SUNY), and the other in Economics and Public Policy from Tecnológico de Monterrey, where she graduated with honors, having obtained the highest GPA in her class. 

She has 22 years of experience in financial management in the public sector. She began her career in 2001 in Mexico City’s Government. In 2003, she took the position of Director of Concentration and Control of Funds, where she coordinated the design and implementation of an automated system for processing deposits reception and settlement in Mexico City’s General Funds accounts. Between 2004 and 2007, she worked as advisor to Mexico City Department of Finance and was in charge of designing and implementing the Integral Financial Management and Control System of said entity. 

In 2008, she was appointed Director of Under Treasury Operations at the Federal Treasury, where she collaborated with the working group in charge of implementing and consolidating the Treasury Single Account System. 

She later held the post of Director of Processes, where she actively collaborated in the working groups of Mexico’s National Council for Financial Inclusion, which is responsible for Mexico’s Financial Inclusion National Policy. 

From 2015 to 2018, and as part of her role as Associate Director General for Revenues at the Federal Treasury, she administered the levy and concentration of funds derived from the Federal Revenue Law. She also promoted the modernization of the financial management of tax collection processes by adopting digital systems and reducing paper use. 

In December 2018, Galia Borja was appointed Federal Government Treasurer, where she advocated the use of electronic means of payment, facilitated the direct allocation of social programs’ resources to final 2 beneficiaries, and promoted the transition towards more efficient schemes of revenue collection derived from foreign trade. 

Since May 2019, she was designated by the Ministry of Finance and Public Credit as member of the Foreign Exchange Commission, marking this as the first time a Treasurer is included as part of said Commission. She also participated as member of a number of collegiate bodies, such as the National Banking and Securities Commission Governing Board, the National Council for Financial Inclusion Board, the Institute to Return Stolen Goods to the People’s Governing Board, and the Board of Directors of the State's Employees' Social Security and Social Services Institute (ISSSTE, for its acronym in Spanish). 

She promoted the presence of the Mexican Treasury among international counterpart bodies and Mexico’s candidacy to host the XII Latin American Government Treasuries Forum (FOTEGAL). These efforts led to Mexico holding the presidency of said Forum for 2021. 

In recognition of her professional trajectory and remarkable service as Federal Treasurer, Forbes Magazine listed her as one of Mexico’s 100 most powerful women in 2020. On the other hand, the Tecnológico de Monterrey distinguished her with the EXATEC Lifetime Achievement Award in 2022, in recognition of her professional development, leadership and social contributions. 

On December 9, 2020, the Mexican Senate approved her appointment as member of Banco de México’s Governing Board for the period from January 1, 2021 to December 31, 2028.