Mexico's incoming President Claudia Sheinbaum has unveiled her Cabinet, showcasing a balanced gender distribution and a strong presence from academia and her previous administration as Mexico City's mayor. Sheinbaum, a climate scientist and former academic herself, appointed Marcelo Ebrard, a former Foreign Affairs Secretary, as her administration’s economy secretary. Ebrard, who previously ran against Sheinbaum for their party’s nomination, brings a wealth of experience, having overseen the acquisition of foreign-made vaccines for Mexico during the early stages of the COVID-19 pandemic.
Ebrard's appointment has been met with optimism from investors, particularly in light of his role in renewing the free trade agreement with the United States and Canada and attracting foreign investment. However, concerns linger over proposed judicial reforms by Sheinbaum, which have caused fluctuations in the peso.
