Tag Archives: finances

Experts Condemn AMLO’s Aim to Withdraw from the USMCA

OPINION By KELIN DILLON After a continued period of tension between Mexico, Canada and the United States over Mexican President Andrés Manuel López Obrador’s (AMLO) controversial energy policies, which directly violate portions of the free-trade United States-Mexico-Canada Agreement (USMCA), and his continued public rhetoric against foreign and private investment, López Obrador has now publicly floated the idea of Mexico reneging

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FIU Reveals Exorbitant Spending by Gertz, Nieto

By KELIN DILLON  Following an investigation by Mexico’s Financial Intelligence Unit (FIU) of the Secretariat of Finance and Public Credit (SHCP), financial records tracking the spending of controversial Attorney General (FGR) Alejandro Gertz Manero and recently disgraced former FIU head Santiago Nieto showed the two officials’ extravagant spending habits, doling out millions and millions of pesos for exotic cars, luxury properties

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AMLO Nominates Victoria Rodríguez Ceja to Head Banxico

By KELIN DILLON On Wednesday, Nov. 24, Mexican President Andrés Manuel López Obrador (AMLO) nominated Undersecretary of Expenditures of the Secretariat of Finance (SHCP) Victoria Rodríguez Ceja to head the Central Bank of Mexico (Banxico) despite her inexperience, in what many said was a snub to former SHCP head Arturo Herrera, who had been informed of his loss of the

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No Republican Austerity for Mexico’s Political Parties

  By RICARDO CASTILLO There are two facts of life about Mexican democracy: One, it is run and operated by an autonomous organization, the National Electoral Institute (INE), and two, it is one of the most expensive government-subsidized democracies in the world. At this time of year, it is relevant to take the above-mentioned facts into consideration because at the

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