Mexico’s Ruling Party Risks Rupture as Internal Fight Escalates

10/12/2020

Source: Bloomberg

Mexico’s ruling Morena party risks rupture after the two main candidates in an internal leadership contest exchanged angry accusations that the other is trying to illegitimately take over the movement.

Electoral authorities declared last week’s contest between veteran leftist Porfirio Munoz Ledo and the party’s lower house leader Mario Delgado a tie, but Munoz claimed victory over the weekend, saying he would take his seat as Morena president at party offices on Monday. That plan didn’t pan out, with Munoz then writing in a tweet that Delgado’s supporters had taken over the offices “in a violent assault.”

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Between the Pandemic and the President: Mexico City Mayor’s Balancing Act

09/05/2020

Source: The New York Times

MEXICO CITY — It was a perfect portrait of the delicate relationship between the Mexican president and his protégée.

With the pandemic raging, President Andrés Manuel López Obrador drew his allies in for a photo op. Mask-free and eager to please, they all squeezed in tight — except one: Claudia Sheinbaum, one of his most trusted confidantes.

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Oil companies swap stakes in Mexico as government holds off on auctions

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12/04/19 – Reuters

By Marianna Parraga, Adriana Barrera

With Mexico’s government insisting that energy companies increase oil and gas output before it auctions off more of the country’s vast reserves or offers more partnerships with state-run Pemex, firms ranging from foreign majors to local players are scrambling to buy and sell blocks they already own.

The negotiations are creating a dynamic secondary market for oil acreage, which could be the only investment opportunity left for firms until leftist President Andres Manuel Lopez Obrador unblocks his predecessor’s flagship energy reform that has seen no new licensing rounds since 2018.

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Mexican business council blasts ‘unilateral’ labor reform push

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12/02/19 – Reuters

By David Alire Garcia and Lizbeth Diaz

Mexico’s main business lobby sharply criticized a ruling party senator for what it described as a “unilateral” move to schedule a Tuesday vote on a labor reform that it described as a ban on subcontracting.

The Business Coordinating Council (CCE) said in statement issued late on Monday that Sen. Napoleon Gomez, a member of leftist President Andres Manuel Lopez Obrador’s MORENA party, had scheduled a committee vote on the measure without any dialogue with business leaders.

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Mexican president voices regret on growth, but says economy fairer

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12/03/19 – Reuters

By Dave Graham

Mexico’s president conceded on Sunday that economic growth has fallen short of his expectations, but said that wealth is now more fairly distributed as he celebrated a year in office riding high in opinion polls, in defiance of mounting problems.

A year ago, veteran leftist Andres Manuel Lopez Obrador assumed the presidency pledging to raise economic growth to 4% per year. Instead, the economy has stagnated and slipped into a mild recession during the first half of the year.

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Mexican voices: 1 year into the López Obrador presidency

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Photo by Ricardo Esquivel on Pexels.com

12/01/19 – AP News

By Amy Guthrie

Andrés Manuel López Obrador has been president of Mexico for a year, after a landslide 2018 vote. He pledged a presidency close to the people, austere, with punishment for the corrupt and greater safety and economic well-being.

Not all has gone according to plan. The country’s murder rate continues to log record highs, while economic growth this year has been flat and borders on recession. Corruption and crime remain difficult plagues to eradicate, though the administration has taken on some high-profile targets.

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Mexico entered recession in early 2019, dealing blow to president

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11/25/19 – Reuters

By Dave Graham

Mexico’s economy entered a mild recession during the first half of 2019 and was flat in the third quarter, revised data from the national statistics agency showed on Monday, handing a setback to the plans of President Andres Manuel Lopez Obrador.

The updated figures showed the economy contracted by 0.1% quarter-on-quarter in seasonally-adjusted terms during both the first and second quarters of 2019 after also shrinking by the same margin in the last three months of last year.

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IMF approves smaller $61 billion credit line for Mexico

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11/25/19 – Reuters

By Andrea Shalal, Anthony Esposito

The International Monetary Fund said on Monday its executive board had approved a smaller two-year lending arrangement for Mexico worth $61 billion, replacing the current flexible credit line of about $74 billion.

It said the new arrangement would bolster market confidence at a time when trade uncertainty, a sharp pullback in capital from emerging markets and increased risk premiums posed continued external risks to the Mexican economy.

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Mexican Congress approves budget after protests

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11/22/19 – AP News

Mexico’s lower house of Congress approved the 2020 federal budget Friday in an all-night meeting at a convention center after protests and blockades by farm groups surrounding the Congress building.

The protests were sparked by President Andres Manuel Lopez Obrador’s policy of giving money directly to farmers and poor families rather than distributing funds through groups that claim to represent them.

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Mexico’s murder rate up, official warns of ‘narcoterrorism’

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11/21/19 – AP News

Mexico’s murder rate inched up 2% in the first 10 months of the year, but the latest violence has included much more brazen challenges to authorities.

Federal officials said late Wednesday there have been 29,414 homicides so far in 2019, compared to 28,869 in the same period of 2018.

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