go to top
Mexican President Enrique Pena Nieto, center, and former Finance Minister Luis Videgaray, far left, during a swearing-in ceremony at the presidential residence in Mexico City, Sept. 7, 2016 (AP photo by Dario Lopez-Mills).

Mexico’s Economic Malaise, Not Just Trump Visit, Forced Finance Minister Out

Wednesday, Sept. 14, 2016

On Sept. 7, Mexican President Enrique Pena Nieto announced the resignation of Finance Minister Luis Videgaray and appointed Jose Antonio Meade, a reputable technocrat, as his replacement. Since Videgaray had been instrumental in organizing Republican presidential nominee Donald Trump’s controversial visit to Mexico City late last month, most coverage framed his exit as the fallout.

But Videgaray’s resignation had more to do with a longer track record of failing to deliver on ambitious economic and structural reforms. It was the latest upheaval in Pena Nieto’s Cabinet at a time when the Mexican economy faces mediocre growth, mounting debt and a complicated international economic environment. Meade’s tenure will be no smooth ride. ...

To read more,

enter your email address then choose one of the three options below.

Subscribe to World Politics Review and you'll receive instant access to 10,000+ articles in the World Politics Review Library, along with new comprehensive analysis every weekday . . . written by leading topic experts.