Tuesday, November 21, 2006

The Running of the Economists

Mexico's new President, himself with a Master's Degree in economics, loads up on talent:

The President-elect of Mexico, Felipe Calderon, has announced his first cabinet appointments, including the key economic portfolios.

Mr Calderon appointed several pro-business economists and academics to important financial positions.

....Mr Calderon said his finance minister would be Agustin Carstens, a former economist at the International Monetary Fund (IMF).

....The president-elect's team will also include an academic, Georgina Kessel, who has been named as energy minister, and Sduardo Sojo, who is the head of public policy in the outgoing government of Vicente Fox and will be the minister for the economy.

Analysts say these pro-business appointments are expected to help the president-elect effect crucial reforms in taxation, energy and labour - which his predecessor Mr Fox failed to get through Congress.

Mr Calderon is due to take office on 1 December.

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