By KELIN DILLON Mexican President Andrés Manuel López Obrador (AMLO) has drawn intense criticism after calling for the elimination of independent organizations by their absorption into the state, a move that would consolidate the Mexican government’s power and remove its checks and balances. López Obrador tried to justify his proposal by saying autonomous organizations “cost a lot to maintain,” going
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By KELIN DILLON Considerable controversy has arisen in Mexico over the Senate’s approval of reforms to the Bank of Mexico (Banxico), known as the Monreal Law, named after Senator Ricardo Monreal, who drafted the bill. Now, Secretary of Finance and Public Credit (SHCP) Arturo Herrera Gutiérrez has announced a postponement of these reforms until February 2021. “Clearly, very important implications
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By THE PULSE NEWS MEXICO STAFF Once again, Mexican President Andrés Manuel López Obrador (AMLO) has questioned the economic expertise of his own financial specialists, this time contradicting the findings of the Finance Secretariat (Hacienda, or SHCP). Speaking during his regularly scheduled early morning press conference on Tuesday, April 2, AMLO said that the projections made by Hacienda for Mexican
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