According to sources close to the agency, Ramírez de la O submitted his resignation to President Claudia Sheinbaum .
Rogelio Ramírez de la O has submitted his resignation to Mexican President Claudia Sheinbaum, which will mean he will no longer be in charge of the Ministry of Finance and Public Credit (SHCP), according to sources close to the agency.
Ramírez de la O, who was close to former President Andrés Manuel López Obrador, arrived at the agency in July 2021, after the departure of Arturo Herrera. Since then, he has been the face of the agency in charge of the country's fiscal policy.
This would be the first resignation submitted during Claudia Sheinbaum's government. Last year, the president requested that Ramírez de la O and part of his team remain at the Treasury to address the challenge of fiscal consolidation for this year.
Ramírez de la O was known for having few public appearances. Although he maintained his closeness with investors, he relied on his two undersecretaries of the Treasury who worked with him: Gabriel Yorio, during López Obrador's six-year term, and Edgar Amador Zamora, current undersecretary and who is now one of the people being profiled for the position at the head of the SHCP.
Serious and reserved, that was always Ramírez de la O, with very few appearances, interviews and conferences. Those closest to him say that he did not like being in the public eye, which is why his desire to leave office has been known for some time.
Just on Thursday, Ramírez de la O went to the National Palace to meet with the president to address, once again, the issue of tariffs, thereby avoiding attending the 33rd Plenary Meeting of Banamex Advisory Board Members, which was attended in his place by Edgar Amador.
His resignation comes not only in the midst of a year in which one of the greatest challenges for public finances is to reduce the fiscal deficit from 5.7 to 3.9% of GDP, but also because the Mexican economy is exposed to external shocks, mainly due to tariff policies by the United States.
