go to top

For Mexico's Calderón, Cabinet Moves Reflect Loyalist Bias

Monday, Dec. 14, 2009

TORREÓN, Mexico -- On Dec. 9, Mexican President Felipe Calderón tabbed Finance Minister Agustín Carstens to head the nation's central bank, known as Banxico. Carstens replaces Guillermo Ortiz, a highly respected official who had occupied the post for 12 years.

Despite a political climate increasingly hostile toward Calderón, the move -- which had been rumored for weeks -- brought waves of approval. The markets, the punditry, and that titan of Mexico's economy, Carlos Slim, were all pleased by the selection, with the latter raving, "[W]ithout a doubt, Carstens has all of the credentials to occupy the post." ...

Want to Read the Rest?
Login or Subscribe Today.
Get unlimited access to must-read news, analysis and opinion from top experts. Subscribe to World Politics Review and you'll receive instant access to 9,000+ articles in the World Politics Review Library, along with new comprehensive analysis every weekday . . . written by leading topic experts.

YES, I want to subscribe now.