Investing.com -- Rogelio Ramirez de la O, the Finance Minister of Mexico, has resigned from his position, according to separate reports from Reuters and Bloomberg, citing sources familiar with the situation. Ramirez de la O had been appointed by the country’s former president.

In June of the previous year, Ramirez de la O had expressed his intention to continue in his role under the new administration of President Claudia Sheinbaum. His stated goal was to reduce public debt and uphold financial discipline, in an effort to reassure concerned investors.

The reasons behind Ramirez de la O’s decision to step down remain undisclosed. The finance ministry has yet to provide additional comments in response to requests for further information.

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