México’s update on new finance minister: Arturo Herrera.

Mexico’s new finance minister Arturo Herrera is a pragmatic and respected policy maker who says he was inspired to study economics by the Latin American debt crisis that wrought financial chaos and wrecked livelihoods in his country.

Decades later, he must boost investor confidence in a shrinking economy buffeted by what his predecessor and mentor Carlos Urzua called “extremism” that led him to resign on Tuesday with a strongly worded letter. (REUTERS)

President Andres Manuel Lopez Obrador on Tuesday named former World Bank executive and long-time ally Herrera to succeed Urzua.

With information from REUTERS.

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