MEXICO CITY (Reuters) – Mexican President Andrés Manuel López Obrador said on Wednesday that he will propose Finance Minister Arturo Herrera to replace Banco de México President Alejandro Díaz de León when his tenure at the bank Central expires at the end of 2021.
The economist Rogelio Ramírez de la O will be named to replace Herrera, López Obrador said on Twitter, making him the president’s third finance minister since he took office at the end of 2018.
Ramírez is a longtime advisor to López Obrador and was his choice for finance minister when he first ran for the presidency in 2006, an election he narrowly lost.
Herrera, a former World Bank executive, took over as finance minister in July 2019 after his predecessor abruptly resigned, offering strong criticism of the direction of the policy.
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