Central Bank Governor of the year: Fraga’s quiet revolution
With some trepidation José Angel Gurría Trevino walked into the office of president Ernesto Zedillo’s chief of staff in early 1998 knowing that the post of finance secretary (minister) was vacant. At that time Gurría was foreign minister, a surprise appointment considering he had worked 20 years in the finance ministry. Now change was afoot. With Guillermo Ortiz having vacated the finance post to be central bank governor, the odds were on Gurría replacing him.
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