The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

Mexico on the move

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 members from other parties. In the new Senate, PRI will have 52 members, PAN 38, PRD 22, and others 16.

Twenty-one state governors belong to PRI, while three represent the coalition between PAN and PRD, four are from PAN, and four represent PRD.

"On many occasions when Mexico had presidential transitions in the past – in 1976, 1982, 1987, 1994 – it was accompanied by a huge financial crisis," say Carlos Ramirez, lead analyst for Mexico at Eurasia, a Washington DC-based think-tank.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree