In Mexico, a new minister of economy was chosen on Friday. His top priorities will be long-term inflation control and talks with the United States to settle an energy issue.
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.”
The National Institute of Statistics reported that inflation had reached 0. 62% in September and 8. 7% over the course of a year on the day the new minister’s appointment was made public.
During his regular press conference, the president declared 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 newly appointed minister of the economy will also oversee 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 nomination of a new Mexican Minister of Economy will help to coordinate negotiations with the United States.
About Author
