Claudia Sheinbaum, former mayor of Mexico City, is scheduled to be inaugurated Tuesday as the country’s first woman president.Foreign investors who had hoped Mexico’s next leader would chart a more business-friendly approach than her predecessor may be set for disappointment, given the country’s recent judicial reforms, one risk consultant warns.
“But more recent developments would suggest that things might not be quite as rosy as some people may have expected.” Two weeks ago, AMLO enacted a series of controversial judicial reforms that Mr. Strong said should be concerning for foreign companies operating in the region. Under the new system, judges will no longer be appointed based on their qualifications. Instead, judges will be elected by voters.
“And it’s going to open up the judiciary, probably, to greater levels of interference or influence by organized crime … it’s going to potentially increase executive interference into the judiciary.”