Treasury Secretary gives message to the market; assures that economic stability is a priority

Rogelio Ramírez de la O, the Secretary of Finance and Public Credit, announced on Tuesday that he will remain in his position as head of the Ministry indefinitely. He will continue to work toward preserving macroeconomic stability, lowering public debt, and upholding financial discipline while honoring the Bank of Mexico’s independence.

The official stated that one of his top priorities will be to update all correspondence with investors and rating agencies to validate his priorities, which include macroeconomic stability, fiscal prudence, and the viability of fiscal objectives, according to information from the Ministry of Finance and Public Credit (SHCP).

It will also work to reduce the indebtedness generated each year by 2025 to levels compatible with a sustainable medium-term debt/gross domestic product (GDP) ratio of around 3% of GDP.

It will also confirm to international organizations and private investors that the administration’s project is based on financial discipline, respecting the autonomy of the Bank of Mexico, adhering to the rule of law and facilitating domestic and foreign private investment.