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According to Reuters, Mexican Finance Minister Luis Videgaray is stepping down, a spokeswoman at the ministry said on Wednesday, shortly before the government was due to present a 2017 budget with cuts needed to restore confidence after a surge in debt.
Videgaray will not take another public post, the spokeswoman said. Two people familiar with the matter said that Videgaray will be replaced by Jose Antonio Meade, a former finance minister. The spokeswoman could not confirm that Meade would become the new finance minister. (Reporting by Dave Graham)
Videgaray is stepping down (Reuters)
Source: http://www.dailymail.co.uk/
