Mexico - 05

Mexico: Pena Nieto Prepares for the Endgame

Pena Nieto is facing growing accusations of corruption and political incompetence, not only from the opposition but also from PRI members outside of the administration. As a result, although he has more than one year before leaving Los Pinos, Pena Nieto is already preparing for the endgame. His three main priorities are determining the PRI’s

Mexico - 04

Mexico: Odebrecht Bribery Scandal in Mexico: Will Impunity Prevail?

On 15 May, Marcelo Odebrecht, the former CEO of Brazilian construction conglomerate Odebrecht, made a statement to the Mexican Attorney General’s Office (PGR) on the company’s corrupt involvement with Pemex between 2010 and 2014. Specifically, Odebrecht is accused of operating a network to bribe Pemex officials in exchange for infrastructure development contracts.

Mexico - 01

Mexico: Pena Nieto’s Troubled Security Strategy

According to the most recent available data, security conditions are worsening throughout Mexico. Homicides have risen for three years, reaching unprecedented levels in some regions. The total number of homicides rose to 22,935 in 2016, a continued increase from 18,673 in 2015 and 17,324 in 2014. According to the Executive Secretariat of the National System

Mexico - 05

Mexico: Gonzalez’s Year at Pemex: Accomplishments and Challenges

A little more than a year ago, on 7 February 2016, President Enrique Pena Nieto announced the resignation of Pemex CEO Emilio Lozoya Austin and the appointment of Jose Antonio Gonzalez Anaya to head the country’s largest company.
Gonzalez had a bumpy start as Pemex’s CEO. Less than a month after his appointment, he had

Mexico - 02

Mexico: Fuel Price Policy: The Executive’s Difficult Position

Political tensions re-emerged this week as SCHP prepares to announce an update to fuel prices on 3 February. Whether the federal government decides to stick to its decision to raise fuel prices will signal its strength with respect to opposition parties, with long-term repercussions for the implementation of the overall energy reforms.

Mexico - 04

Mexico: Pena Nieto’s Foreign Policy: Inconsistency and Criticism

On 23 January President Enrique Pena Nieto delivered a press conference on what his office called “Mexico’s Position on Foreign Policy,” a series of principles to guide the country in the short term. Pena Nieto established two foreign policy priorities and five guidelines to negotiate with the US as a result of President Donald Trump’s

Mexico - 05

Mexico: Board Transparency Bill: Effects on Pemex’s Autonomy

On 26 September Chamber of Deputies Energy Commission member Cesar Rendon Garcia (please see our Personality of the Week) disclosed the details of a bill to modify the framework that regulates the appointments of Pemex independent board members. Rendon explained that President Enrique Pena Nieto had introduced the bill, which ultimately seeks to establish greater

Mexico - 04

Mexico: Videgaray’s Resignation: Changes to the Cabinet

On 7 September President Enrique Pena Nieto held a press conference to announce he had accepted the resignation of Secretary of Finance Luis Videgaray, who will be replaced by current Secretary of Social Development Jose Antonio Meade Kuribrena. Pena Nieto did not explain the reasons behind Videgaray’s resignation, but praised his former colleague “for the

Mexico - 05

Mexico: Gasoline Price Rise Takes Toll on Pena Nieto

On 29 July the Ministry of Finance (SHCP) and the Ministry of Energy (SENER), announced that gasoline prices would be raised in August 2016. The increase was significant, as Magna went from 13.40 to 13.98 pesos per liter, while Premium went from 14.37 to 14.81 pesos per liter. Indeed, gasoline prices reached their highest