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HomeWorldMexico's Sheinbaum to push forward with judiciary reform, peso slumps

Mexico’s Sheinbaum to push forward with judiciary reform, peso slumps

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By Raul Cortes and Ana Isabel Martinez
MEXICO CITY (Reuters) -Mexican President-elect Claudia Sheinbaum said on Monday that she would put up for discussion proposed constitutional reforms, including a judicial overhaul that has spooked markets, before the next congressional session kicks off.

As Sheinbaum was speaking in a press conference following a meeting with outgoing President Andres Manuel Lopez Obrador, the peso weakened by nearly 2% against the U.S. dollar in international trading.

Lopez Obrador in February proposed a slew of constitutional reforms, which would also eliminate key regulatory agencies and introduce new social benefits.

At the time they did not cause market jitters, but investors sounded the alarm as the ruling coalition honed in on a congressional super-majority needed to pass constitutional reforms in the June 2 election.

(Reporting by Raul Cortes Fernandez, Ana Isabel Martinez, Kylie Madry, Diego Ore, Lizbeth Diaz and Aida Pelaez-Fernandez; Editing by Brendan O’Boyle and Alistair Bell and Christian Plumb)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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