Mexico’s new left-wing president, Andrés Manuel López Obrador, was sworn in on December 1, 2018, vowing to embark on a “profound and radical” transformation of the country to improve the lives of the poor. Some investors are still wondering what this means for business, because shortly after inauguration the new government officially halted works on Mexico City’s new $13bn airport. The Banker talked to one of the most senior officials in the new administration, deputy finance minister Arturo Herrera, a former World Bank executive, about the government’s commitment to reducing inequality across the country.
Q: Some investors are wary of the new government’s approach to economic policy and its potential interference with the central bank. What is your response to these concerns?
