The Secretary of Finance Rogelio Ramírez de la O is in the midst of a crucial week, seeking to consolidate greater influence over the current economic direction. The lack of appointments of officials during this administration has generated speculation about his continuation in office.
In his surroundings, the restoration of the Undersecretary of Revenue is expected to be an indication of an improvement in the relationship between Ramírez de la O and Claudia Sheinbaum. If this appointment is not achieved, rumors about his possible resignation will intensify.
Last Monday, the return of the Undersecretary of Revenue was officially announced, which had been eliminated by Andrés Manuel López Obrador. In recent days, it was mentioned at the palace that the Undersecretary of Finance, Edgar Amador, was conducting interviews to appoint new positions in development banking, which fueled rumors of a possible replacement for Ramírez de la O.
In a favorable context for the secretary, the government completed a successful third debt placement of 28 billion pesos last week. Additionally, despite the uncertainty coming from Washington, the exchange rate has remained stable, which is a relevant issue for the administration.
Ramírez de la O is confident that conditions in global financial markets will allow for the control of the peso's value, supported by capital flows and the interest rate policy of the Bank of Mexico. His current evaluation holds, which reinforces his close relationship with Sheinbaum.
