Head shot of Latin American energy fellow Francisco Monaldi

Francisco J. Monaldi

Fellow in Latin American Energy Policy | Director, Latin America Energy Program


Francisco J. Monaldi, Ph.D., is the fellow in Latin American energy policy and the director of the Latin America Energy Program at the Center for Energy Studies at Rice University’s Baker Institute for Public Policy, a fellow at the Center for the United States and Mexico, and a lecturer in energy economics at Rice University. He is also the founding director and a professor at the Center for Energy and the Environment at IESA in Venezuela, and a visiting professor at the School of Government at the Tecnológico de Monterrey in México.

Monaldi was previously a nonresident fellow at the Center on Global Energy Policy at Columbia University (2017-2019); a visiting professor of energy policy at the Harvard Kennedy School of Government (2012-2015); an associate of the Geopolitics of Energy Project and the Roy Family Fellow of the Environment and Natural Resources Program at the Belfer Center for Science and International Affairs (2013-2016); the Robert F. Kennedy Visiting Professor in Latin American Studies at Harvard University (2012-2013); an adjunct professor of international energy policy at the Fletcher School of Law and Diplomacy at Tufts University (2013-2014); a visiting professor of political economy at Stanford University (2009); and a national fellow at the Hoover Institution (2008-2009). He has been a visiting lecturer at the Graduate Institute in Geneva, the Universidad de los Andes in Bogotá, and the Universidad ESAN in Lima. Between 2002 and 2012, he was a lecturer in political economy at Universidad Católica Andrés Bello in Caracas.

Monaldi is a leading scholar on the politics and economics of the oil industry and oil wealth management in Latin America and developing countries. He has consulted with numerous international institutions, governments and companies, including The World Bank, International Monetary Fund, Inter-American Development Bank, CAF Development Bank of Latin America, Saudi Aramco, PDVSA, Pemex, Shell, Chevron, Total, Equinor, the governments of Saudi Arabia, Mexico, Venezuela, Kazakhstan, and Albania, Natural Resource Governance Institute, Stanford Program on Energy and Sustainable Development, Harvard Center for International Development, IHS Markit, Wood Mackenzie, Eurasia Group and Medley Global Advisors.

Monaldi has authored numerous academic publications, including “The Cyclical Phenomenon of Resource Nationalism in Latin America” in the Oxford Research Encyclopedia (Oxford University Press, 2020); “The Political Economy of Oil Taxation in Latin America” in “The Political Economy of Taxation in Latin America,” G. Flores-Macias, ed. (Cambridge University Press, 2019); "Institutional Collapse" in “Venezuela Before Chavez: Anatomy of an Economic Collapse,” R. Hausmann and F. Rodriguez, eds. (Penn State University Press, 2014); "Oil Fueled Centralism," in “Oil and Gas in Federal Systems,” G. Anderson, ed. (Oxford University Press, 2012); and "The Political Economy of Oil Contract Renegotiation in Venezuela," in “The Natural Resources Trap: Private Investment without Public Commitment,” W. Hogan and F. Struzenegger, eds. (MIT Press, 2010).

He holds a Ph.D. in political science (political economy) from Stanford University, an M.A. in international and development economics from Yale University and a B.A. in economics from Universidad Católica Andrés Bello.

Contact him at francisco.monaldi@rice.edu or (713) 348-2476.