Mexico: A Power Shift That Could Shake Up Business

When he worked at the Mexican Finance Secretariat 10 years ago, Francisco Suarez Davila used to help draft important legislation and then send it over to the rubber-stamp National Congress for its approval. "They asked few questions, and they made very few changes in the bills," he says. Things are different now. During the recent battle to introduce privately managed pension funds, legislators insisted on some 90 changes to what the government submitted, says Suarez Davila, who now heads the Finance Committee in the lower house.

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