Monday, October 16, 2006

At least we now have the name of one Secretary

We now know who will be the Secretary of Hacienda Treasury: Agustín Carstens, who is (was) a high-ranking official at the World Bank. He announced today that he would be leaving the Bank to join Felipe Calderon´s transition team (he is considered to be number three in the Bank hierarchy.) In terms of short-term stability and the world attention, this appointment was the most relevant one. And Calderón has resolved it pretty early in the process. I am sure the world markets are rumbling with happiness.. The Mexican left will have a conniption (The World Bank is now running the country... I can hear it now.) Hail the new Secretary of Hacienda..

3 comments:

Anonymous said...

You are confusing the World Bank with the International Monetary Fund. They are not the same institution. See www.imf.org for the official press release.

Michael Dickson said...

I believe that Carstens is an official of the International Monetary Fund, not the World Bank. Not the same thing.

Ana Maria Salazar Slack said...

Yep, I am confused...and tired. Thank you for pointing out that Carstens comes from the IMF and not the World Bank... I apologize..