11/16/2018 – Reuters
NEW YORK (Reuters) – An adviser to Mexican president-elect Andres Manuel Lopez Obrador sought on Thursday to reassure investors in New York, following weeks of upheaval in Mexican financial markets and doubts about the policies of the incoming left-leaning government.
Abel Hibert, an economic adviser to Lopez Obrador, acknowledged that financial markets were watching closely.
“We recognize that we have one opportunity to show responsibility in the elaboration of the next budget,” Hibert said to a crowd of investors at a business forum in New York.
“The design of the public budget will be very careful,” he said. “We don’t have room for mistakes.”
Markets were shook in recent weeks by announcements from the incoming administration that it would cancel a partly-built $13 billion Mexico City airport and limit bank commissions.