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%.
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