*Updated Jan 3*
Guadalajara -
The British magazine The Banker has named Luis Videgaray Caso, secretary of Mexico's Hacienda y Crédito Público (SHCP), finance minister of the year for 2014 in two categories: Latin American region and worldwide.
The SHCP is the rough equivalent of the U.S. Dept. of the Treasury, the Internal Revenue Service and the Office of Management and Budget rolled into one. It is one of the most powerful departments in Mexico's federal executive branch.
This is the first such award for the Hacienda or its secretary in the nation's history.
Videgaray told the press yesterday that the award is a tribute to the political and economic reform policies advanced by the president during his first year in office. In Mexico, 2013 was the year of Enrique Peña Nieto.
Brian Caplen, editor of The Banker, noted that Mexico is a nation "with an ambitious reform agenda which is transforming the country." He added, "The secretary of the Hacienda, under the leadership of the president of the Republic, Enrique Peña Nieto, played a key role in pushing through the reforms."
The Banker, a monthly publication of the U.K.'s Financial Times, reports on international finance and banking systems around the world.
Secretary Videgaray has spoken candidly in recent weeks on both economic matters and domestic security concerns. He is considered by some to be interested in a possible run for the presidency when Enrique Peña Nieto's term is up. Mexico already looking ahead to 2018 pesidential election.
Videgaray earned his Ph.D. in Economics at the prestigious Massachusetts Institute of Technology in Cambridge, with a specialty in Public Finance.
Jan. 3 - Videgaray collected one more award today. The magazine América Economía named him Latin American Finance Minister of the Year, in recognition of the major structural reforms he helped implement in Mexico in the year just concluded. Videgaray again deftly passed the honors along to president Peña Nieto, saying it was the latter's vision which will jump start the nation's economy.
Mar. 22, 2014 - This article in Britain's The Economist is not to be missed. It offers an excellent insight into Videgaray and his mission, describing him as "the brain behind president Enrique Peña Nieto's bold economic reforms." The man from MIT.
© MGR 2014. All rights reserved. This article may be cited or briefly quoted with proper attribution or a hyperlink, but not reproduced without permission.
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