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LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

December 12, 9915

Will Mexico Get Rid of its Government Oversight Agencies?

Mexican President Andrés Manuel López Obrador said last month that he wants to eliminate nearly all government oversight agencies. // File Photo: Mexican Government.

Q

  • Mexican President Andrés Manuel López Obrador on Dec. 11 announced his plan to eliminate nearly all government oversight and regulatory agencies before his term ends next year. Among the institutions targeted are those regulating industry and responsible for ensuring transparency. The proposed reforms will require a two-thirds majority to pass the Congress, as many are enshrined in the constitution. What are López Obrador’s motives for pursuing these reforms? How would abolishing these institutions affect rule of law and democracy in Mexico in the long term? Who stands to gain from this deregulation, and how will the affected markets change?

A

Pamela Starr, senior advisor at Monarch Global Strategies and professor at the University of Southern California: “AMLO’s Dec. 11 restated interest in eliminating Mexico’s remaining autonomous agencies was not only disconcerting, it also was surprising due to the list of targeted institutions and the proposal’s timing. Convinced that agencies formed and staffed during the ‘neo-liberal period’ protect the interests of the elite and their monopolies instead of advancing the interests of most Mexicans, AMLO has long aimed to eliminate these entities. The target list unsurprisingly includes the transparency institute (INAI), long a target of AMLO’s indignation. It was surprising, however, that AMLO’s comments specifically mentioned Mexico’s competition commission (COFECE), telecommunications institute (IFT), and energy regulatory commission (CFE). His hit list now explicitly includes…”

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The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.
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