In a significant cabinet reshuffle, Mexican President Claudia Sheinbaum has appointed Edgar Amador as the new Finance Minister, following the resignation of Rogelio Ramírez de la O. This change comes at a critical juncture as Mexico navigates economic uncertainties and trade tensions.
Ramírez de la O, who had served as Finance Minister since July 2021, stepped down citing personal reasons. His tenure was marked by efforts to stabilize Mexico’s fiscal landscape and manage the economic impacts of global trade dynamics. President Sheinbaum acknowledged his contributions and announced that he would continue to serve as an economic advisor on international matters.
Edgar Amador, previously the Deputy Finance Minister, brings a wealth of experience to his new role, having also served as the head of finance for Mexico City. He has pledged to maintain the country’s financial and economic stability, emphasizing a focus on macroeconomic policies that promote growth and resilience.
The leadership transition occurs amid heightened trade tensions, particularly concerning tariff disputes with the United States. The Mexican government is actively working to mitigate these challenges by seeking to reduce dependence on Chinese imports and strengthening domestic manufacturing capabilities.
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