Why AMLO’s Judicial Reform Is Spooking Investors
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Outgoing President Andres Manuel Lopez Obrador is upending Mexico’s political landscape one more time, as the country inches closer to passing a controversial reform that would deeply transform the country’s judiciary.
Foreign governments, a weakened opposition party as well as local and international companies operating in Mexico have come out against the proposed reform, warning of threats to democracy and even drug cartels infiltrating the courts. The Mexican peso remains among the worst-performing currencies this year, in part because of Morena’s landslide win and the proposed judicial reform.