By KELIN DILLON On Wednesday, Nov. 24, Mexican President Andrés Manuel López Obrador (AMLO) nominated Undersecretary of Expenditures of the Secretariat of Finance (SHCP) Victoria Rodríguez Ceja to head the Central Bank of Mexico (Banxico) despite her inexperience, in what many said was a snub to former SHCP head Arturo Herrera, who had been informed of his loss of the
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By KELIN DILLON After much controversy over the subject, Mexico’s Secretary of Health Jorge Alcocer, former Secretary of the Treasury Arturo Herrera, and head of the Secretariat of Finance and Public Credit (SHCP) Thalía Lagunas are facing criminal complaints of contempt with the country’s Attorney General of the Republic (FGR) over their role in failing to deliver life-saving drugs to
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By THE PULSE NEWS MEXICO STAFF Due to their speculative nature and frequent use for illicit purposes, cryptocurrencies are not and will not be legal assets in Mexico, Finance (SHCP, or Hacienda) Secretary Arturo Herrera said Monday, June 28. “Cryptocurrencies are prohibited for use in the Mexican financial system. There is nothing that is expected to change on that issue
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By KELIN DILLON Since Mexico’s elections took place on June 6, the country’s rate of vaccination against covid-19 has continuously declined, while its number of positive cases has shot up dramatically, leading to a microscopic analysis from experts on just why Mexico’s fight against coronavirus has gone sideways, again. Secretary of the Treasury Arturo Herrera had warned in cabinet meetings
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By THÉRÈSE MARGOLIS British Prime Minister Benjamin Disraeli once famously quipped, “There are three kinds of lies: lies, damned lies and statistics.” The point that Disraeli was trying to make is that the selective use of numbers can bolster any argument and disguise any truths to accommodate a political agenda. Nowhere is that persuasive power of carefully culled figures more
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By RICARDO CASTILLO AMLO Welcomes Biden Newly instated U.S. President Joe Biden’s inaugural speech on Wednesday, Jan. 20, was welcomed by Mexican President Andrés Manuel López Obrador (AMLO), who said it was full of good news. Asked during his Thursday, Jan. 21, press conference whether he felt threatened by Biden, AMLO responded: “We have nothing to object to. On the
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By RICARDO CASTILLO A Birds Story Birds of a feather flock together, says the old adage. This week began with U.S. President Donald Trump on Monday, Jan. 11, visiting part of his “wonderful wall” in Alamo, a township just east to McAllen, along the Mexico-Texas border. He took the occasion to praise Mexican President Andrés Manuel López Obrador (AMLO) with
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By THE PULSE NEWS MEXICO STAFF The Mexican government and private sector on Monday, Nov. 30, signed a second agreement to work together to build new public works infrastructure projects. The new accord will encompass 29 infrastructure projects worth a total of 228 billion pesos, Mexican Finance Secretary Arturo Herrera announced during the daily morning press conference of President Andrés
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By RICARDO CASTILLO The verbal brawl between 10 protesting state governors who ganged up against Mexican President Andrés Manuel López Obrador (AMLO) regarding “the fiscal pact” continues as the Senate approved on Wednesday, Nov. 28, the preliminary proposal for the nation’s 2021 federal budget. In Pulse News Mexico, we reported that a group of rebellious governors threatened secession. We did
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XINHUA Mexico called on the International Monetary Fund (IMF) and the World Bank on Thursday, Oct. 15, to establish a support strategy for middle-income countries, saying they have no financial wiggle room to tackle the economic fallout caused by the covid-19 pandemic. Countries such as Mexico, Peru, Colombia and Bulgaria cannot afford to take the kind of emergency financial measures
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