Mexico on the move

By:
Jason Mitchell
Published on:

A new, reforming government, renewed international competitiveness and a strong pipeline for capital market deals are leading this Latin American market forwards again.

The government of Mexico’s new centre-left president, Enrique Peña Nieto, is set to embark on reforms in energy, taxation and labour law that should be a stimulus to the country’s capital markets.

On July 1, Peña Nieto – who represents the Institutional Revolutionary Party (PRI) – won 38.2% of the popular vote against the hard-left candidate, Andres Manuel Lopez Obrador of the Revolutionary Democratic Party (PRD), with 31.6%. Josefina Vazquez Mota, of the centre-right National Action Party (PAN) – the party of outgoing president Felipe Calderón – achieved 25.4%. Peña Nieto will assume office for a six-year term on December 1.

The new Chamber of Deputies, Mexico’s lower legislative house – whose first session will take place on September 1 – will include 207 members from PRI, 114 from PAN, 99 from PRD and 78...