• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Sunday, April 12, 2026
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

Mexico’s next president faces 3 pressing challenges: money, dialogue and the US election

June 4, 2024
in World
Share on FacebookShare on TwitterWhatsapp

MEXICO CITY (news agencies) — Mexico’s newly elected president, the first woman to win the job, faces a long list of challenges, including persistent cartel violence, a deeply divided country, cash-straitened social programs and the long shadow of her mentor, outgoing President Andrés Manuel López Obrador.

But for some analysts it mostly comes down to three things: money, dialogue and the outcome of the U.S. presidential election.

Claudia Sheinbaum, who begins her six-year presidential term Oct. 1, has four months ahead of her to define her administration’s agenda. During this time, López Obrador is expected to continue delivering his daily morning press briefings as he tries to solidify his legacy.

The coexistence might be far from easy: He has divided society; she says she wants to unite it. He is a leader of the masses; she is an academic and a scientist.

López Obrador has said he will not interfere with his protege’s administration. “I do not aspire to be a ‘moral leader,’ a ‘maximum boss,’ a ‘caudillo,’” he said Monday.

He has insisted that once his presidency is over, he is going to “talk with the trees, live with the birds.” Yet, it was he who announced Monday that current Treasury Secretary Rogelio Ramírez de la O would remain in his post through the next administration in a bid to avoid a market meltdown.

The balance between continuity and change will not be simple.

A top economic challenge will be whether Sheinbaum will have the money to continue her predecessor’s popular social programs, considering the government has a big deficit of almost 6% that the Treasury has vowed to reduce.

“There needs to be fiscal reform,” said Isidro Morales, an economics and international relations expert. Otherwise, he warns, citing Mexico’s decreasing oil income as one problem, “Claudia is going to have her hands tied.”

Mexico’s state-owned oil company Pemex is López Obrador’s most fervent symbol of nationalism, but it continues to lose money and oil is far from the primary revenue stream it once was. Yet, it is a red line for Sheinbaum who, despite being a climate scientist who wants to move into clean energy, closed her campaign last week before gigantic banners of support from oil industry workers.

Mexico’s presidential transition also happens to fall right into the heart of the U.S. presidential campaign.

“Mexico’s most important election is taking place on Nov. 5,” said Carlos A. Pérez Ricart, a professor at Mexican public research center CIDE, referring to the U.S. presidential election.

President Joe Biden’s reelection or the return to power of former President Donald Trump will be “the real variable that will change scenarios,” Pérez Ricard said. The outcome could not only influence security, trade and immigration policies, but also many internal decisions about the role of Mexico’s army, he said.

Sheinbaum studied in the U.S., speaks English and understands that country’s politics, which would lead one to think there would be more understanding with Washington, but no one can control the Trump factor.

And when it comes to immigration and security, Mexico’s new president is left only with the existing policies, which have only intermittently slowed migration to the U.S. border and failed to significantly lower Mexico’s persistent violence.

To confront Mexico’s increasing violence, analysts have said the country needs to strengthen civilian police and prosecutor’s offices. Instead, López Obrador opted for militarizing the country, giving the armed forces unprecedented power in a bevy of civilian areas — from domestic security to construction — with the risks to human rights and accountability that implies.

It remains unclear what Sheinbaum will want from the military, what she could change or what kind of pressure the military could bring to bear on her.

Politically, her Morena party’s congressional majority could be a double-edged sword.

For the approximately 40% of voters who did not support her, it will be seen as dangerous because if preliminary results hold up, she could have enough lawmakers to amend the constitution. López Obrador has floated a host of controversial constitutional proposals, including eliminating institutions that provide checks on executive power and on subjecting judges to public elections.

It will be key that Mexico has a strong government that unquestionably defends the separation of powers, Pérez Ricart said.

Tags: Andres Manuel Lopez ObradorClaudia Sheinbaumdubai newsdubai news tvElectionsGeneral newsiMexicoMexico CityMexico governmentPoliticsUnited StatesUnited States governmentWorld news
Share15Tweet10Send
Previous Post

Pressure for truce deal rises as Israel reports four Gaza captives killed

Next Post

Rahul Gandhi wins Raebareli seat, leads in Wayanad

Related Posts

Tehran says no one had expectation of reaching agreement with US in one session: state TV
World

Tehran says no one had expectation of reaching agreement with US in one session: state TV

April 12, 2026
Indonesian president to meet Putin in Russia for oil talks
World

Indonesian president to meet Putin in Russia for oil talks

April 12, 2026
Tankers exit Gulf via Strait of Hormuz as US-Iran talks begin
World

Tankers exit Gulf via Strait of Hormuz as US-Iran talks begin

April 12, 2026
US negotiators leaving without a peace deal with Iran
World

US negotiators leaving without a peace deal with Iran

April 12, 2026
Libya approves first unified state budget in 13 years
World

Libya approves first unified state budget in 13 years

April 12, 2026
In Pakistan’s mediation to end Mideast war, China may hold the key
World

In Pakistan’s mediation to end Mideast war, China may hold the key

April 11, 2026

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    127 shares
    Share 51 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    55 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    49 shares
    Share 20 Tweet 12
  • Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts

    49 shares
    Share 20 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.