Former tax director Raquel Buenrostro has been named a minister, replacing Tatiana Clothie, who announced her retirement on Thursday, according to President Andres Manuel Lopez Obrador. At the head of the IRS, the president lauded a “exemplary employee.”
On the day the National Institute of Statistics published inflation of 0.62 percent in September and 8.7 percent over a year, the new minister’s appointment was made public.
At his daily press conference, Lopez Obrador stated that inflation “had reached a ceiling and will begin to drop.”
IMF specialists concluded their tour to Mexico by stating that Lopez Obrador’s decision to raise the minimum wage “may create extra inflation risks.”
The new economy minister will also be responsible for overseeing the continuing negotiations between Mexico and the other parties to the North American Free Trade Agreement.
The effects of Mexico’s restructuring of its energy sector worry the United States and Canada.
The goal of Mexico’s new minister of the economy is to reduce inflation.
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