August 23, 2024 13:53 GMT
AMLO Hits Back At US Ambassador Over Judicial Reform Criticism
MEXICO
EM BulletHomepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletEmerging Market NewsPolitical Market News
Wires reporting comments from Mexican President Andres Manuel Lopez Obrador (AMLO) issuing a stern rebuke to the US after its ambassador to Mexico, Ken Salazar, criticised the gov'ts judicial reform proposal. AMLO says the US 'has applied interventionist policy across the Americas for many years'. Adds 'Mexico is a sovereign and independent country', and calls Salazar's comments 'disrespectful'. The president will send a diplomatic note to the US due to the ambassador's criticism. AMLO claims that the proposed reforms will strengthen the Mexican judiciary.
- In a 22 August statement, Salazar said "Based on my lifelong experience supporting the rule of law, I believe popular direct election of judges is a major risk to the functioning of Mexico's democracy....Direct elections would also make it easier for cartels and other bad actors to take advantage of politically motivated and inexperienced judges,"
- Reuters: "Canadian Ambassador Graeme Clark also criticized the reform at an event on Thursday. "My investors are concerned, they want stability, they want a judicial system that works if there are problems," he said.Clark stipulated that the two nations' governments have "excellent relations" and he was only transmitting investors' concerns."
- As noted earlier (see 'MEXICO: USDMXN Consolidating Close To Recent Highs Again', 1226BST) the furore surrounding the proposed reforms have contributed to peso weakness both in the short term, but starting at the time of the general election when AMLO's MORENA secured a supermajority in Congress, raising concerns about the impact on institutions such as the judiciary and regulatory agencies.
247 words