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Mexico & Nafta - October 2016 (ISSN 1741-444X)
Peña Nieto loses right-hand man
Luis Videgaray Caso has stepped down from his position as the head of Mexico’s finance ministry (SHCP). The departure of the man considered to be the ministerial cabinet’s ‘strong man’, President Enrique Peña Nieto’s right-hand man, confidante, and potential successor, has come as a surprise. Yet Videgaray appears to have paid the price for Mexico’s underwhelming economic performance under Peña Nieto and for being behind the highly controversial decision to invite the US Republican Party presidential candidate, Donald Trump, to meet with Peña Nieto [RM-16-09]. Videgaray’s resignation prompted Peña Nieto to conduct a cabinet reshuffle aimed at shoring up public support for his government and in particular its economic policies in the last two years of his single six-year term.
