Mexico's new finance minister, believer in stability, takes charge of choppy economy


  • World
  • Wednesday, 10 Jul 2019

FILE PHOTO: Mexico's Deputy Finance Minister Arturo Herrera gestures during the 14th Mexican Financial Summit in Mexico City, Mexico April 30, 2019. REUTERS/Edgard Garrido/File Photo

MEXICO CITY (Reuters) - Mexico's new finance minister Arturo Herrera is a pragmatic and respected policy maker who says he was inspired to study economics by the Latin American debt crisis that wrought financial chaos and wrecked livelihoods in his country.

Now, he must boost investor confidence in a shrinking economy buffeted by what his predecessor and former boss Carlos Urzua called "extremism" that led him to resign on Tuesday with a strongly worded letter.

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