According to Bloomberg, key Mexico officials left the board of the nation’s central bank and the hydrocarbon regulator Wednesday amid growing concern that President-elect Andres Manuel Lopez Obrador will meddle in bodies formerly insulated from politics — and cut the salaries of top bureaucrats.
The announcements arrived in swift succession: Juan Carlos Zepeda, who oversaw the country’s oil fields, quit after reports of pressure from incoming Energy Minister Rocio Nahle to leave. Minutes later came news that deputy Governor Roberto del Cueto, one of Banco de Mexico’s five board members who decide interest rates, will depart at the end of this month. The 68-year-old cited his health.
The man known universally by his initials will take office Dec. 1, and the Wednesday departures — whatever their motivation — come as many in the nation’s establishment worry they will be collateral damage as AMLO makes good on campaign promises to root out corruption, reduce violence and stop energy deals that aren’t good for the nation. A law that comes into effect in January will prohibit public-sector officials from earning more than the president’s salary of 108,000 pesos ($5,300) a month and many are leaving ahead of the change.
Del Cueto said in an interview with Bloomberg News that he decided to leave the bank earlier in the year on the recommendation of his doctor and told central bank Governor Alejandro Diaz de Leon and Finance Minister Jose Antonio Gonzalez Anaya about it at the time. He told Lopez Obrador’s transition team after the election that he would leave the central bank, and his salary had nothing to do with the decision, he said.
Zepeda denied reports that he was pressured to resign by Nahle.
“It’s an agreement that I arrived at with her,” Zepeda said Wednesday, noting that the decision followed meetings with Nahle in the National Hydrocarbons Commission, or CNH. “She has not put pressure on us. It has been very respectful.”
The resignations come after AMLO’s decision to cancel a $13 billion airport already one-third built and a push from within his party to eliminate bank fees sent the peso, stocks and bonds plummeting.
more recommended stories
“You will be captured”. Yucatan Chief of Police
The Ministry of Public Security of.
Historic Canadian investment for Southern Quintana Roo
TORONTO (CGC).– Quintana Roo´s governor Carlos.
Mexico’s National Guard unanimously approved by Senate (it won’t be military-led)
(Reuters) – On Thursday February 21st,.
Mexico’s national anthem to be sang in Maya language
As part of a select group,.
As usually for the last 30 years, Cancun will draw thousands of college students for “Spring Break 2019”
College students all over the US and.
AAA Adds Five Hotels in Mexico to Five Diamond List (two of them in the Yucatan Peninsula)
AAA has released its annual list of.
Yucatan Symphony Orchestra celebrates 15 years
The Yucatan Symphony Orchestra (OSY) will.
Municipal government began installing cultural-sites signage along Mérida’s downtown
With an investment of 170,000 pesos,.
19-year-old girl missing in Mérida finally found safe and sound
A 19-year-old girl left her home.
Several Reasons to Use Quotes in Your Presentation
A well-chosen quote can set a.