-- President-elect Claudia Sheinbaum confirmed that the second-highest-ranking and longest-tenured top official at Mexico’s finance ministry is set to leave his post, a surprise development amid a transition of power where officials have emphasized continuity to investors.“He wants to take on an international role,” Sheinbaum said about the departure of Deputy Finance Minister Gabriel Yorio in a video posted by state radio SPR Informa on its X account.
Yorio has been the main interlocutor with Wall Street investors and banks since the start of the administration, when he ran the debt office. He was a figure of stability, particularly while Lopez Obrador churned through a revolving door of three different finance ministers in his first three years in office.
A former World Bank official, Yorio led the design and issuance of sustainable bonds by Mexico and helped push through a markets reform bill meant to boost debt and equity listings by smaller companies.Yorio’s exit caps a series of intrigues at the finance ministry under Lopez Obrador, or AMLO, as the popular president is widely known.
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