AMLO to name Rogelio Ramirez de la O as Mexico’s new Finance Minister

Mexico’s new finance chief has spent decades at Andres Manuel Lopez Obrador’s side. That experience will come in handy as he takes on his biggest challenge: trying to shape economic policy in an administration tightly run by the nationalist president.PUBLICIDAD

Rogelio Ramirez de la O, who last week was nominated as Mexico’s finance minister, will begin what is traditionally the country’s most influential cabinet role with the goal of obtaining a level of independence his predecessors didn’t enjoy under Lopez Obrador.

An early test in the relationship between the president known as AMLO and his long-time adviser will focus on the budget: The new minister, who takes office next month, wants to speed up growth via additional debt-fueled public spending, according to people with knowledge of his thinking.

That would be a significant shift for a president who has made austerity a pillar of his government. AMLO has stuck to his pledge not to take on new debt or give sizable economic stimulus even during the Covid pandemic, and Mexico ended 2020 as one of the few countries in the world with a primary surplus.