Arturo Herrera was appointed as Finance Minister in July 2019
Off the Record features fact-checked news written by journalists and contributors to EL UNIVERSAL
Due to conflicts with President López Obrador, Carlos Urzúa resigned this morning as Mexico's Finance Minister
English22/05/2019
A scandalous resignation
Off the Record features fact-checked news written by journalists and contributors to EL UNIVERSAL
The report cited data from the country's Ministry of Finance, showing the federal government deficit increasing to 2.9 percent of GDP in 2016, up from 2.8 percent in 2015
"The exchange rate today reflects a very pessimistic outlook on our ability to attract investment," Meade said at an event in Mexico City
Finance Minister Luis Videgaray resigned because he suffered a big blow to his reputation due to Donald Trump's visit to Mexico.
Sources familiar with the matter said that Videgaray will be replaced by José Antonio Meade, current head of the Ministry of Social Development. The information has not been confirmed.
Mexico's Finance Minister Luis Videgaray said they would intervene if they detected speculation against the peso.
The trip follows the announcement of measures by government to improve the ailing finances at the state-owned oil company.