Mexican Finance Minister Jose Antonio Meade will step down on Monday, as the ruling Institutional Revolutionary Party (PRI) gears up to pick its candidate for the 2018 presidential election, two well-informed sources have told Reuters.
One of the sources, who spoke on condition of anonymity, said Meade would announce his intention to seek the presidency of the PRI when resigning.
The office of Mexican President Enrique Pena Nieto late on Sunday said it would hold an event at 10am local time on Monday, without specifying what it entailed. Several Mexican media said Meade would announce his resignation at 10am.
A spokesman for Meade’s office said he was unaware of any plans for the minister to resign on Monday.
Pena Nieto is barred by law from seeking a second term, and his party faces a major challenge from twice presidential runner-up, former Mexico City Mayor Andres Manuel Lopez Obrador, a leftist who has led early polls for the July 2018 election.
Meade would be replaced as finance minister by Jose Antonio Gonzalez Anaya, currently head of state oil firm Pemex, one of the two sources said.
Meade has, for months, been one of the leading prospective PRI candidates, both due to his reputation for competence as a minister across two rival administrations, and because he has avoided the taint of corruption that has battered the party.
The 48-year-old has also been a top pick to succeed the departing Agustin Carstens at the helm of the Mexican central bank. The second sources added that if Meade was not stepping down to run for the PRI, he would be going into that job.
Meade is not a member of the centrist PRI, which changed its statutes in August to make it easier for outsiders to run for the presidency. Officials say his reputation for honesty and cross-party appeal will be vital if he hopes to defeat Lopez Obrador.
On Thursday, the PRI announced it would begin registering presidential hopefuls on December 3, and that a national convention would formally elect the candidate on February 18.
Education Minister Aurelio Nuno, 39, Pena Nieto’s former chief-of-staff and one of his closest allies, as well as Health Minister Jose Narro, are the most likely alternatives to Meade if he does not seek the candidacy, senior officials say.