LatinNews Daily - 19 January 2023

In brief: New board member approved for Mexico’s Banxico

*Mexico’s permanent congressional committee, a body of legislators which meets when congress is in recess, has approved Omar Mejía as new deputy governor of the country’s central bank (Banxico). The finance ministry (SHCP) nominated Mejía to replace outgoing board member Gerardo Esquivel on 5 January, in a move that surprised many given his relatively low profile. According to the SHCP, Mejía has worked as an adviser to Banxico board since 2019 and previously worked as deputy treasurer for the federal government. The SHCP stated that Mejía “has 20 years of experience in the analysis of monetary policy, financial administration, public and banking finances, government treasury and infrastructure projects.”

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