8 articles | last updated: Jun 11 23:21:48
Sheinbaum's plans to overhaul the judiciary and add social benefits spark investor concerns, leading to significant currency depreciation.
- The peso has declined by nearly 9% since Sheinbaum's election win on June 2.
- Sheinbaum supports outgoing President López Obrador's judicial reforms, including electing Supreme Court judges.
- Investors fear the reforms could undermine judicial independence and regulatory oversight.
- Sheinbaum has promised consultations with legal stakeholders but remains firm on the reforms.
- Mexico's budget deficit and high inflation add to market anxieties.
People, Places and Things In This Story
- Andrés Manuel López Obrador President of Mexico
- Mexico Country in North America
- Claudia Sheinbaum Pardo Former Head of Government of Mexico City
- Mexican peso Currency
Categories:
- Government
- Economics
- Law
- Finance
- Business
- Politics