New Banxico Governor Nominee/Megaworks to Continue

Female candidate for Banxico. President Andrés Manuel López Obrador says that this week he will send his proposal for governor of the Bank of Mexico (Banxico). López Obrador said he will propose Deputy Minister of Finance and Public Credit Victoria Rodríguez Ceja for the central bank position, considering that she has delivered an exemplary performance. "We want women to participate, for this change to take place, recognizing the work that the Undersecretary of Expenditures has done, who has been acting very well, with exemplary performance, is in charge of managing Public Investments and has acted with much responsibility not to spend. Due to her, we have financial stability and have not resorted to additional debt. She is a very good public servant. For the first time, the Bank of Mexico will be headed by a woman," said López Obrador. He added that the federal government will be respectful of the body and will not interfere in the decisions it makes regarding candidates.

The announcement came after the government withdrew its previous nominee, former Finance Minister Arturo Herrera, announced in June. Herrera had been expected to be confirmed as Banxico’s governor and to start his new role in January. After López Obrador’s announcement, the peso sank to its lowest point in nearly eight months, according to Bloomberg.

Supreme Court minister. López Obrador applauded the election of Loretta Ortiz Ahlf as the new minister of the Supreme Court of Justice of the Nation (SCJN). This is Ortiz's third nomination. The new minister was elected with 92 votes out of 114.

Government plans. López Obrador said that there would be no strike at government construction projects even though he said his adversaries were trying to stop them. "It is an agreement so that our adversaries who are determined to put obstacles in front of us cannot stop the work. They have nothing to do with transparency, we are accountable and we do it every day," López Obrador said. His comments came after entities including the National Institute of Transparency, Access to Information and Protection of Personal Data (INAI) rebelled against an agreement that designates the infrastructure projects conducted by the federal government as matters of national security, effectively shielding them from transparency.

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Click HERE for full transcript in Spanish