Calderón Nominates Hurtado for Banxico Post

Mexico’s president, Felipe Calderón, has nominated former deputy finance minister Carlos Hurtado for a seat on the central bank’s (Banxico) board. The five-member board has had a seat vacant since the end of last year following the conclusion of Jesus Marcos Yacaman’s term. Board members serve for eight years. Hurtado was a deputy finance minister in Vicente Fox’s administration and was in charge of spending. His appointment must be confirmed by Mexico’s Senate.