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Mexico finance minister resigns, opens door for presidential bid

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Mexico finance minister resigns, opens door for presidential bid

Mexican President Enrique Pena Nieto on Monday announced the resignation of Mexico's finance minister, Jose Antonio Meade, Reuters reported.

The president also tapped the chief executive of state-run oil corporation Pemex, Jose Antonio Gonzalez Anaya, to replace Meade, the report said.

Meade had been tipped as the Institutional Revolutionary Party (PRI) candidate for months given his reputation for competence and ability to avoid being tainted by scandal. In addition, he is not a member of the PRI, which has ruled the country for seven decades and made changes to the law in August to allow for outsiders to contest presidential races.

Meade has been the focus of presidential speculation at a time when President Nieto is legally barred from running again and the party is challenged by former Mexico City mayor Andres Manuel Lopez Obrador, who has been a presidential runner-up twice in the past and led early polls for the upcoming balloting.

Meade is also being considered as the new governor of Banco de México, as Agustín Carstens quits the job. One of Reuters' sources said that Meade would serve as the governor of the central bank if he decided not to run for the presidency.

The PRI said on Nov. 23 that it would start to register presidential candidates on Dec. 3 before a national convention formally elects a successor on Feb. 18, 2018.