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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI China Daily Summary: Wednesday, December 11
INE Reform Raises Concern Over Future Of Mexico's Democracy
The Mexican Senate yesterday approved President Andres Manuel Lopez Obrador's “Plan B” reforms to the budget of the National Electoral Institute (INE) – a revised version of a more dramatic overhaul of the body which failed last year.
- Lopez Obrador claims the reforms will restrain economic interests in politics and save USD$150 million a year, but critics argue reorganising the INE will gut Mexico’s electoral bureaucracy and hinder basic functions of the Democratic process like operating polling stations and counting votes.
- INE head Lorenzo Cordova says the changes threaten "certain, trustworthy and transparent" elections.
- Tyler Mattiace at Human Rights Watch says the changes put credible elections “at risk,” and “make it easier for the party in power to stay in power...”
- Dante Delgado, leader of the opposition Movimiento Ciudadano: “López Obrador’s regressive, toxic, perverted, anti-democratic reform is coming from the top down.”
- The move, which comes ahead of the 2024 general election where the term-limited Lopez Obrador's successor will be chosen, will be challenged in the Supreme Court where it will require eight of the 11 justices to agree to strike it down.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.