End of preview - This article contains approximately 1322 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Mexico & Nafta - March 2016 (ISSN 1741-444X)
Peña Nieto decides to make further cabinet adjustments
The last cabinet reshuffle in Mexico (and the first of the president's term) was just six months ago, when in August 2015 President Enrique Peña Nieto decided to mark the halfway point of his single six-year term by making 10 changes in seven ministries. However, the growing difficulties faced by the state-owned oil firm, Pemex, due to the persistently low international oil prices, appear to have forced further changes to the ministerial team. The moves not only denote the extent to which the oil price shock is dominating the government’s concerns, but also suggest that the Peña Nieto administration is becoming increasingly sensitive about its performance as it moves deeper into the back end of its term.
