Two people posing together, one wearing a gray suit with a blue tie, and the other in a sleeveless white blouse. — Rogelio Ramírez and Claudia Sheinbaum | La Derecha Diario

Camara — Rogelio Ramírez and Claudia Sheinbaum | La Derecha Diario

First resignation of the Sheinbaum era: Rogelio Ramírez de la O resigns from the SHCP

Ramírez de la O had agreed to stay at SHCP for a transition period until the end of February 2025.

07/03/2025 13:44:00h

Editorial Team

Rogelio Ramírez de la O presented his resignation to the Secretariat of Finance and Public Credit (SHCP). This according to federal government sources.

Ramírez de la O was at the helm of Finance since July 2021, during the term of former president Andrés Manuel López Obrador. He was also in the first months of the government of President Claudia Sheinbaum.

A gray-haired man in a dark suit with a red tie.

The Secretary of Finance, Rogelio Ramírez de la O, resigned. | La Derecha Diario

It is expected that in the coming hours President Claudia Sheinbaum will announce the change along with the new appointment of who will take the place of Ramírez de la O.

Ramírez de la O agreed to stay in the SHCP for a transition period that was estimated to last until the end of February 2025.

The news comes amid the growing conflict over tariff issues that Mexico could face under Donald Trump's administration in the United States.

Map of Mexico with 500-peso bills overlaid.

The Mexican economy hasn't grown | La Derecha Diario

These issues haven't had effects yet, as the Mexican government was given a month to achieve favorable results and avoid the tariffs.

Yesterday Ramírez de la O attended the meeting that President Sheinbaum held with businesspeople at National Palace.

The meeting was for the purpose of Donald Trump's decision to postpone, once again, the application of tariffs on Mexican exports to the United States.

Two men in formal suits, one speaking on the phone and the other at a podium during a conference.

Rogelio Ramírez was AMLO's Secretary of Finance | La Derecha Diario

Despite the whirlwind of economic information since the beginning of the year, his public appearances were scarce and almost always in the background.

The finance sources consulted confirm that the replacement will be the current Undersecretary of Finance, Édgar Amador. Amador will be the one to assume the head of the Secretariat of Finance.

Edgar Amador assumed the Undersecretariat of Finance on October 1. Previously he served as an advisor to the Governor of the Bank of Mexico and, before that, was Secretary of Finance of Mexico City

Man in a dark suit and gray tie against a white background.

Edgar Amador will be the new Secretary of Finance | La Derecha Diario

Ramírez de la O, 76 years old, assumed the head of the Secretariat of Finance on August 3, 2021. At that time with President López Obrador, and he was ratified in his position by President Sheinbaum before the start of her government.

Mexico is experiencing a complex government transition that led to an economic contraction in the last quarter. The expectations for investment and economic growth for the year are bleak.

In its last quarterly report, the Bank of Mexicoreduced its growth forecast for 2025 to just 0.6%.

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