In a significant move that solidifies the incoming administration’s commitment to shared prosperity and continuity of transformation, Mexico’s President-elect Claudia Sheinbaum has unveiled the first members of her cabinet. The team, which includes Marcelo Ebrard as the new Secretary of Economy, is balanced with equal representation of three women and three men. The cabinet, praised for its blend of experienced politicians and academic prowess, is poised to take office on October 1, 2024.Sheinbaum’s strategic selections, such as Rosaura Ruiz Gutiérrez for Secretary of Science, Humanities, Technology, and Innovation and Juan Ramón de la Fuente as Secretary of Foreign Affairs, signal a focus on economic growth, justice, and well-being, while also prioritizing environmental sustainability. The market’s positive reception to the cabinet announcement, with the Mexican peso appreciating against the US dollar, underscores investor confidence in the country’s direction.The President-elect reiterated her vision for a government that embodies the principles of the ‘Fourth Transformation,’ building upon the achievements of President Andrés Manuel López Obrador. She emphasized the importance of not lying, stealing, or deceiving the Mexican people, a sentiment echoed by Ebrard in his commitment to the nation. The remaining six cabinet members are expected to be announced next week, as Sheinbaum continues to shape an administration that aims to appeal to a broad spectrum of the Mexican populace.
Key points
- Claudia Sheinbaum announced the first six members of her cabinet, emphasizing experienced leadership and gender parity.
- Marcelo Ebrard appointed as Secretary of Economy, with a focus on boosting foreign investment and economic growth.
- Positive market reaction to the new cabinet, with the Mexican peso strengthening against the US dollar.
- The cabinet appointments indicate continuity of the ‘Fourth Transformation’ and a commitment to shared prosperity, justice, and environmental sustainability.
