Mexico president taps allies for top finance jobs to back social change By Reuters –
SectorFinancial Markets

© Reuters. FILE PHOTO: Mexico’s Finance Minister Arturo Herrera gestures as he speaks during an interview with Reuters, at the National Palace in Mexico City, Mexico December 30, 2020. REUTERS/Gustavo Graf Maldonado

By Dave Graham (NYSE:)

MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador on Wednesday tapped his finance minister to run the central bank and picked a close ally to lead the finance ministry to help realize his vision of a fairer economy during the final half of his term.

Lopez Obrador said on Twitter that Finance Minister Arturo Herrera would take over from Bank of Mexico chief Alejandro Diaz de Leon, whose term concludes at the end of 2021.

To replace Herrera, Lopez Obrador chose economist Rogelio Ramirez de la O, who will be the third finance minister since the president took office in December 2018.

Ramirez faces a challenge reinvigorating the economy after two tough years for Lopez Obrador, whose efforts to strengthen state control of sectors like energy more...