AFP: Mexican president-elect Claudia
Sheinbaum on Monday promised a wide consultation on proposed judicial reforms that have shaken investor confidence following her landmark election win.
Mexico’s stock market and currency fell sharply last week on fears that a sizeable majority in Congress would enable Sheinbaum’s left-wing ruling party to push through constitutional changes potentially damaging to the business climate.
One of the proposed reforms — which require the approval of two-thirds of Congress — is for judges to be chosen by popular vote. In her first press conference since being elected Mexico’s first woman president on June 2, Sheinbaum pledged a “broad consultation” on the proposals, saying it would include bar associations, law schools and judges. Asked if she was worried about the recent volatility of the Mexican peso, the 61-year-old said only that she did not expect any impact from the reforms on financial markets.