Mexico Taps Edgar Amador as New Finance Minister After Ramirez De La O Steps Down
Mexican Finance Minister Rogelio Ramirez de la O stepped down on Friday in a widely expected move and was replaced by his deputy Edgar Amador, who vowed to maintain financial and economic stability. The move comes amid concerns about Mexico's economy, which shrank in the fourth quarter for the first time in more than three years. Ramirez de la O had been appointed by former President Andres Manuel Lopez Obrador and had previously agreed to stay on temporarily under Claudia Sheinbaum after she emerged victorious in elections last year.
- The succession of finance ministers highlights the ongoing challenges faced by Mexico's economic team, which must navigate trade tensions with the US and manage slowing economic activity.
- How will the new leadership address the country's growing debt burden, which has been a concern for economists and policymakers?