In what appeared to be a ‘sung’ decision, President Andres Manuel Lpez Obrador confirmed that Alejandro Diaz de Lyon, the current governor of the Bank of Mexico (Panixico), would not return to office.
“Pankshiko’s presidency is coming to an end. By law, it is up to the head of the executive branch to send this plan to the Senate. I will do that,” he said in his ‘Morning’ this Friday.
The president outlined the profile of Theos de Leon’s heir, who promised to be an “economist with a social dimension.” Is very supportive of the moral economy”.
So, you might be surprised: How is this process done? Here is a guide:
The Bank of Mexico Act stipulates that the term of office of the Governor will last for six years, but by the time Thias de Leon steps down on December 31, 2021, he will have completed four years.
-What is it about? Dias de Leon actually ends the period started by his predecessor Auguston Gorstans, who left the Central Bank in 2017 and joined the International Settlement Bank. So, after December 31 this year, Diaz de Leon will no longer be part of Pansyko.
-Now, when it comes to the governor’s issue, President Lopez Obrador has two options: to name the first governor. To one of four members Who are currently on the Governing Body, three of whom were appointed by him.
Who are the current Vice Governors?
Gerardo Esquivel
Who is the ‘favorite’ of successors in Fonseca, who worked with Lopez Obrador during the third campaign for the presidency. Esquiel, who graduated in economics from the National Autonomous University of Mexico (UNAM), was an external adviser to the current executive chairman’s campaign.
In an interview with Bloomberg in February of this year, Esquiel expressed his support for the central bank’s interest in the governorship. Dias de Le ஜனாதிn was approved by the President.
Esquivel was one of the first two deputy governors proposed by Lopez Obrador in 2018 to serve on the board of governors of Banco de Mexico. Another …
Jonathan Heath
Proud to be the first person to be appointed Deputy Governor from the private sector since 2009.
Heath began his professional career as a macroconometric model for the Government of Mexico and Warden Econometrics, working as a professor at the Universidad Autonomous Metropolitan Ascapotsalco, Technologico de Monterrey and Universidad Iberoamerican.
Kalia Borja
The least senior member of the Governing Body. Prior to joining Banco de Mexico, a degree in mathematics from UNAM was a fundamental part of the distribution of resources for Lopez Obrador’s social projects because he was head of the Confederation’s Treasury.
Borja was a man who had already collaborated with the president, he served Finance Secretary Of the then federal district government between 2001 and 2007.
Irene Espinosa
Borja had a similar path when he was nominated by former President Enrique Pena Nieto as deputy governor because he went from the federal treasury to the central bank.
He is a teacher of public policy specializing in socio-economic project evaluation and an economist at the Autonomous Institute of Technology (IDAM) in Mexico, where he received the Miguel Palacios Macedo Award for academic excellence. He began his career in 1988 as a researcher at the National Bank’s Center for Economic Research in Mexico (Panamex).
What is the other way around?
The central bank law states that the president can be appointed A new member of the Governing Body When this is done, appoint a governor from among its five members.
In other words, if the vice governors did not meet the profile of a ‘moral economist’ looking for Lopez Obrador, an outsider could be the governor of the Bank of Mexico, someone like that …
Arturo Herrera
Current Secretary to the Treasury. Herrera has been part of Lopez Obrador’s cabinet since 2018, first as the agency’s deputy secretary and later as its chairman, following the surprise resignation of Carlos Urcia.
He was the Training Manager for the Public Service and Performance Division for Latin America and the Caribbean as part of the World Bank’s Global Governance Practice.
Herrera, who holds a doctorate in economics from New York University, has been in charge of the country’s finances at critical times. When managing COVID-19 infection.
In both scenes, The Senate must approve the President’s proposal.
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