MEXICO CITY -- Mexico’s finance minister Luis Videgaray, a close confidant of President Enrique Pena Nieto, stepped down on Wednesday, a week after White House hopeful Donald Trump’s controversial visit to the country.
Pena Nieto said he had accepted Videgaray’s resignation and replaced him with social development minister Jose Antonio Meade, a former foreign and finance minister.
Flanked by both men at the presidential residence of Los Pinos, Pena Nieto praised Videgaray as a public servant who has been “committed to Mexico and loyal to the president.”
The Mexican leader made no mention of reports that Videgaray played a crucial role in setting up Trump’s August 31 meeting with Pena Nieto, which drew widespread scorn because of the Republican candidate’s anti-immigrant rhetoric.
The president’s approval rating has since sunk to 23 percent, according to one poll.
The Washington Post, citing Mexicans familiar with the deliberations, reported last week that Videgaray was a leading advocate for the sit-down at Los Pinos, serving as the behind-the-scenes liaison with Trump’s campaign.
An economist who earned a doctorate from the prestigious Massachusetts Institute of Technology (MIT), Videgaray saw the meeting as a political risk worth taking in case Trump was elected, the Post said.
But the visit backfired on the president, with Mexicans voicing outrage that a US politician who has branded Mexican migrants as “rapists” would get such a prestigious invitation.
More than 88 percent of Mexicans expressed displeasure over Trump’s visit, according to a survey by the Mitofsky polling firm.
Pena Nieto told Milenio television this week that he took the decision to invite Trump, and that “nobody recommended it to me.”
Trump’s ‘political cost’
Speaking later at the finance ministry, Videgaray thanked Pena Nieto, hailing his “great generosity as a human being and, above all, his great patriotism.”
A long-time aide, Videgaray managed Pena Nieto’s presidential campaign in 2012.
Luis Carlos Ugalde, director general of the consultancy Integralia Consultores, said Videgaray’s resignation could be linked to the Trump visit.
“I suppose it has to do with the fact that the political cost for the president has been very high,” he said.
Videgaray’s role compromised his ability to negotiate the budget with the Congress this week, he added.