| | |  Business News | December 2009 
Mexican Tycoon Slim Supports Carstens Nomination
 Noel Randewich - Reuters
go to original
December 11, 2009
| | Lifetime Honorary Chairman of Telefonos de Mexico Carlos Slim Helu participates in the Wall St. Journal CEO Council on "Rebuilding Global Prosperity" in Washington November 16, 2009. (Reuters/Kevin Lamarque) | |
Mexico City - Mexican tycoon Carlos Slim said on Thursday he supports the nomination of Finance Minister Agustin Carstens to head the central bank and dismissed concerns about the bank's independence.
When nominated on Wednesday, Carstens vowed to fight inflation as head of the central bank but left the door open to working closely with President Felipe Calderon.
"We need political and monetary policy to move in the same direction, down the same road so that things work well," government news service Notimex reported Slim as saying.
"Carstens has the necessary credentials to be there," he said.
Current central bank Gov. Guillermo Ortiz, whose six-year term ends this month, clashed with Calderon in 2008 for keeping interest rates higher than the government wanted as Mexico slid toward its deepest recession in since 1932.
Carstens is a former senior official at the International Monetary Fund and is well respected on Wall Street. However his perceived close ties to Calderon have raised questions among investors that his appointment could threaten the central bank's independence.
Slim, one of the world's richest men, controls telecoms Telmex and America Movil as well as industrial conglomerate Grupo Carso.
(Editing by Carol Bishopric)
|
|
| |
Vallarta Weddings
Tell a Friend
Site Map
Print this Page
Email Us