Mexico's finance minister agrees to stay in role in new government

Mexico's Finance Minister Rogelio Ramirez de la O speaks at an event marking more than 200 years of diplomatic relations between the United States and Mexico, in Mexico City, Mexico December 6, 2023. REUTERS/Daniel Becerril/File Photo

Source: X03208

Mexican Finance Minister Rogelio Ramirez de la O accepted President-elect Claudia Sheinbaum's invitation to stay on in the role, she said in a video shared on social media on Monday.

President Andres Manuel Lopez Obrador earlier on Monday had said Ramirez would stay in the role for some time to ensure a smooth transition when Sheinbaum takes office in October.

"He is a man with great national and international recognition, honest, knowledgeable, professional," Sheinbaum said in the video. "He is a great public servant who provides certainty of good financial and economic management."

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Sheinbaum, who won a landslide victory on Sunday and will be Mexico's first female president, is expected to inherit a complicated fiscal panorama from her predecessor, marked by a growing fiscal deficit and long-standing weaknesses in state-owned oil firm Pemex.

This article was produced by Reuters news agency. It has not been edited by Global South World.

By Reuters