The new Secretary of Finance, Edgar Amador, is facing his first major challenge before the United States announces its reciprocal tariffs on April 2. Amador took office on Friday, March 7, replacing Rogelio Ramírez de la O, and must present the Precriteria for Economic Policy for 2026 to Congress before April 1, as established by the Budget and Fiscal Responsibility Law.
Enrique Quintana, columnist and editorial director of El Financiero, pointed out that this document will reveal Sheinbaum's vision regarding public finances now that an economist close to the federal president is at the head of the Secretary of Finance. Amador's appointment has been well received in financial and investment circles, as he has experience in the private sector, served as deputy general director of Dexia, and has worked in relevant positions in public administration.
Amador has also collaborated with the governor of the Bank of Mexico, Victoria Rodríguez Ceja, and has held positions in the Undersecretary of Finance. His prior knowledge of President Sheinbaum and her team from the time of Andrés Manuel López Obrador's administration in Mexico City supports his current position in the SHCP.
On the other hand, Rogelio Ramírez de la O's departure from the Secretary of Finance has background in his prior desire to leave the position at the end of López Obrador's term. Although he initially rejected the former president's invitation to take the position, he ultimately agreed to lead the Finance Ministry. After the conclusion of AMLO's term, Sheinbaum asked him to continue for a few more months.
Ramírez de la O's resignation did not surprise certain circles, as there was speculation about his departure due to his distancing from AMLO and his less prominent role in the Presidency. Sheinbaum considered it the right time for the change, especially with the imminent new tariff policy and the submission of the Precriteria for Economic Policy.
