Mexicans Against Corruption and Impunity (MCCI) revealed that the Government of Mexico authorized the change of land use of almost three hectares of jungle so that Grupo Vidanta —belonging to a businessman related to President Andrés Manuel López Obrador and his son mayor— will develop a tourism project in Quintana Roo. “The land use change […]
Tag: AMLO
From Frida Kahlo to Diego Rivera, the artistic treasure of Citigroup that worries Mexico
when the american Citi Group sell your commercial banking business Mexicowill also leave behind works by famous artists such as Frida Kahlo, Diego Rivera and David Alfaro Siqueiros, which the government and experts ask to keep in the country. Some 600 pictorial works, pieces of popular art and buildings from the colonial era are part […]
Documents would involve officials of Mexican President López Obrador in the Odebrecht case
The Mexican Association Against Corruption and Impunity (MCCI) revealed official documents that would involve current Mexican government officials in the Brazilian bribery scandal odebrecht that impacted previous administrations. MCCI accessed the file of the Attorney General’s Office (FGR) that includes Lázaro Cárdenas Batel, current head of advisers to President Andrés Manuel López Obrador, and Leonardo […]
Migratory crisis and the T-MEC tarnish good harmony between Mexico and the US.
Energy reform, trade disputes and the migration crisis may hinder the good progress of relations between Mexico Y U.S When one year has passed since the arrival of Joe Biden to the White House. Democrat Biden took office as the 46th president of the United States on January 20, 2021 with a reassuring message for […]
Investor exodus: Mexico could see more outflow of foreign debt capital this year
A historic rout of sovereign debt flows from Mexico, which has marked two consecutive years of record figures, could be extended in the coming months by the hand of an expected increase in interest rates in U.S, which would also keep the domestic currency under pressure. Last year, the nation saw 257.601 million pesos ($12.63 […]
The president of Mexico tests positive for COVID-19 for the second time in almost a year
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The President of Mexico, Andrés Manuel López Obrador (AMLO), 68, announced on Monday that he tested positive for COVID-19, for the second time in almost a year, after a test that was carried out this day after appearing flu in his usual daily press conference. “I inform you that I am infected with # COVID19 […]
Future of questioned Mexican president López Obrador will be resolved again at the polls in 2022
Accustomed to an almost eternal electoral campaign since Andrés Manuel López Obrador assumed the Presidency of the country, Mexicans will return to the polls in 2022 to vote in an unprecedented citizen consultation in which they will decide whether the president should resign or remain in office. The exercise, dubbed the mandate revocation consultation and […]
Mexico’s economy celebrates three years of uncertainty with López Obrador
The Mexican economy celebrates this December 1 three years of uncertainty with the presidency of Andrés Manuel López Obrador, who has faced the historical crisis of COVID-19, but it has also caused internal upheavals. Upon coming to power, López Obrador promised growth rates of 4% of the Gross Domestic Product (GDP) with the discourse “the […]
Leadership change will test the Mexican central bank amid rising inflation
The surprising turn of the helm by the Mexican president Andrés Manuel López Obrador in the nomination process for the next president of Bank of Mexico (Banxico) has cast doubt on the bank’s rate-tightening cycle as it struggles to keep high inflation under control. López Obrador, a leftist politician who has already placed three of […]
AMLO puts at risk US $ 22,000 million in energy contracts
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The electricity reform proposed by Mexican President Andrés Manuel López Obrador could present difficulties for the more than US $ 22,000 million in solar, wind and other renewable energy facilities owned by major foreign companies such as Iberdrola SA and Sempra Energy. The bill proposed to lawmakers last month would cancel some electricity generation permits […]