Instant View: Mexico's finance minister quits, deputy named successor


  • World
  • Wednesday, 10 Jul 2019

FILE PHOTO: Mexico's Finance Minister Carlos Urzua speaks as President Andres Manuel Lopez Obrador looks on during a news conference to announce a plan to strengthen finances of state oil firm Pemex, at the National Palace in Mexico City, Mexico February 15, 2019. REUTERS/Henry Romero /File Photo

MEXICO CITY (Reuters) - Carlos Urzua resigned as Mexico's finance minister on Tuesday, a blow to the government of President Andres Manuel Lopez Obrador, who named a well-regarded deputy minister to replace him.

Urzua, a moderate, said in his resignation letter that the administration made policy decisions without "sufficient foundation," and that his belief was not shared that economic policies should be based on evidence and free of political motivation.

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