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Politics: Key legislative takeaways from the Congressional period that ended on April 30
MEXICO · Report · 11 May 2026

The congressional session that concluded on April 30 was one of the least productive in recent memory, despite Morena holding a legislative supermajority. Three bills stood out among the 61 approved across both chambers. The first is the electoral reform. The bill that was ultimately passed bo...

Economics: Poor Q1 public finance figures; Pemex remains a persistent burden
MEXICO · Report · 11 May 2026

In the first quarter of 2026, public finances deteriorated, casting serious doubt on whether a genuine "fiscal consolidation" process is actually underway this year — that is, whether a meaningful reduction in fiscal deficits, and in particular in the Broad Public Sector Borrowing Requirements (P...

Politics: The U.S. requests the extradition of Morena politicians, including sitting Sinaloa Governor Rubén Rocha Moya
MEXICO · Report · 04 May 2026 · 1 response

On April 28th, the U.S. Department of Justice submitted an extradition request for Sinaloa Governor Rubén Rocha Moya and nine other current and former state officials on charges of drug trafficking conspiracy, narcotics distribution, and firearms offenses in connection with the Sinaloa Cartel. Th...

Economics: Mexico's economy facing stagnant growth, persistent inflation, and mounting fiscal risks
MEXICO · Report · 04 May 2026

Figures released in April 2026 depict a Mexican economy under stress. Economic activity weakened, with GDP virtually stagnant at 0.2% YoY in Q1 2026 — a sharp deceleration from 1.8% YoY in Q4 2025 — as industry contracted and services lost momentum. Private consumption growth, although positive, ...

Economics: As inflation persists, expanded price controls loom as a threat
MEXICO · Report · 27 Apr 2026

The overall inflation rate for the first half of April (4.53%) was virtually unchanged from March (4.55%), while core inflation declined by 0.17 percentage points, falling from 4.44% to 4.27%. Although both indicators show a modest reduction, it is worth highlighting that core inflation has been...

Politics: Changes in Morena and the INE imply costs for the future of Mexican democracy
MEXICO · Report · 27 Apr 2026

Recent weeks have brought significant political changes in Mexico that carry far-reaching implications for both democratic governance and electoral competition. Within Morena, President Claudia Sheinbaum has orchestrated a leadership reshuffle that effectively tightens her grip on the ruling part...

Economics: The 2027 General Pre-Criteria for Economic Policy shows excessive optimism and disconnect from Mexico’s reality
MEXICO · Report · 20 Apr 2026

At the beginning of the month, the SHCP sent the General Pre-Criteria for Economic Policy for 2027 (PCGPE) to the Congress of the Union. These documents constitute the first step in the budget preparation process for the coming year and include an update of the macroeconomic framework and the exp...

Politics: A preliminary assessment of the new Mexican Supreme Court’s performance so far
MEXICO · Report · 20 Apr 2026

The new Mexican Supreme Court (SCJN), operational for nearly eight months, has already issued two highly controversial rulings that have generated widespread distrust and concern. The first authorizes the Financial Intelligence Unit (UIF) to freeze bank accounts of individuals and companies witho...

Economics: Inflation in March 2026 rose again due to an increase in non-core inflation and the persistence of core inflation
MEXICO · Report · 14 Apr 2026

Consumer inflation in March stood at 4.59% annually, up from 4.02% in February. The increase was driven primarily by a sharp rise in the non-core component, which reached 5.05%. As a result, consumer inflation has risen by nearly one percentage point (100 basis points) during the first quarter o...

Politics: Missing and unlocated persons in Mexico, a multiple crisis
MEXICO · Report · 13 Apr 2026

On April 2, 2026, the UN Committee on Enforced Disappearances published its report on Mexico and invoked Article 34 of the International Convention for the Protection of All Persons from Enforced Disappearance. It urged the UN Secretary-General to refer the situation urgently to the General Assem...

Economics: The figures published in March show a slowdown in economic activity and upward pressure on inflation
MEXICO · Report · 31 Mar 2026

Mexico’s March figures reveal a slowdown in economic activity after the optimism sparked by the uptick in growth at the end of 2025. In the fourth quarter of 2025, demand strengthened thanks to a rebound in private consumption and robust export performance, although investment continued to contra...

Politics: Government-business relationship—the schizophrenia
MEXICO · Report · 30 Mar 2026

Claudia Sheinbaum faces the challenge of turning private investment into a reality to ensure the sustainability of the 4T project, which requires solid and growing public finances to maintain social programs and fund the public works that symbolize the government. The problem stems from the deep ...

Economics: Employment growth at the start of 2026 remains weak despite a slight uptick in economic activity
MEXICO · Report · 24 Mar 2026

The total employed population in Mexico as of January 2026 saw weak growth of 0.4% YoY, after remaining at low growth rates throughout 2025, when it increased by an average of 0.7%. While last year the weakening of employment was in line with the overall stagnation of the economy, in January 2026...

Politics: New Electoral Reform proposal—what is President Sheinbaum's "Plan B" about?
MEXICO · Report · 23 Mar 2026

Following the rejection of President Sheinbaum’s initial constitutional reform on electoral matters—opposed by her allies PT and PVEM, who feared severe losses in funding and congressional seats—she submitted “Plan B” to the Senate last week. This more limited proposal seeks to “make democracy ch...

Politics: Morena prepares for 2027 with strategies aimed at gaining an advantage over the opposition
MEXICO · Report · 16 Mar 2026

Morena is moving aggressively to prepare for the 2027 elections. During its National Political Council on March 7, the party approved an accelerated calendar and rules for selecting candidates for the 17 governorships at stake, while simultaneously strengthening its territorial structure. By laun...

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