These are the 5 issues that Claudia Sheinbaum asked the Secretary of the Treasury to address

This Tuesday, Secretary of the Treasury Rogelio Ramírez de la O confirmed the request of the virtual president-elect Claudia Sheinbaum to remain at the head of the Treasury. Her stating that she will do it “indefinitely.”

Ramírez de la O maintained that he will focus on reducing the debt generated each year by 2025.

He assured that he will update all communications with investors and rating agencies to confirm that will prioritize macroeconomic stability, fiscal prudence and viability of fiscal objectives.

Collaboration with Pemex will also be strengthened and confirms that the autonomy of the Bank of Mexico will be respected.

After a day marked by nervousness in the markets, in the conversation, of which he had access to a recording, Ramírez de la O pointed out that the winner of the presidential elections, the ruling party Claudia Sheinbaum, asked him to stay in office when he begins his management, on October 1.

“I will do it for an indefinite period to ensure the following: first, the reduction of the debt generated annually by 2025,” the official declared in English on the call.

‘Black Monday’ at the BMV

The call happened after a “black Monday” in the markets after the elections in Mexico, where the Mexican Stock Exchange (BMV) plummeted 6.11% on Monday, its worst fall since the covid-19 pandemic in March 2020 , and the Mexican peso depreciated 4.36% against the dollar when it was exchanged at 17.71.

Analysts anticipated the victory of Sheinbaum, who won with almost 60% of the votes, but did not foresee that his alliance of parties would obtain a qualified majority, two-thirds, in Congress, with which he could reform the Constitution without negotiating with the opposition. .

This could include a reform of the Judiciary to elect judges and the Supreme Court by popular vote, a modification to the electoral system, changes to pensions, and the elimination of autonomous regulators.