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RTRS-AMLO: Economy Min Clouthier Has Informed Me Of Her Resignation

MEXICO

Reuters reporting comments from Mexican President Andres Manuel Lopez Obrador stating that Economy Minister Tatiana Clouthier has informed the president of her intention to vacate her post. No signal yet of who her replacement might be.

  • Clouthier, AMLO's former campaign chief, has served as economy minister since December 2020.
  • The economy minister's resignation comes at a difficult time for the Mexican economy, with rising inflation resulting in the president reaching a deal with large food producers to keep the price of basic foodstuffs depressed in exchange for tax breaks and reduced regulatory requirements.
  • Politically, it is important for AMLO, elected as a left-wing populist, to keep the price of the canasta básica — a basket of 24 basic products including beans, rice, eggs, tortillas, sugar and soap - from spiraling too high.
EM BulletHomepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletEmerging Market NewsPolitical Market News
EM BulletHomepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletEmerging Market NewsPolitical Market News

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