Mexico’s 2024 Elections Update

This past presidential election in Mexico marked many firsts! Mexican voters made history by electing their first female president, Claudia Sheinbaum from the MORENA party. MORENA, the political party founded by President Lopez Obrador, also won all elections in Baja and gained a majority in Congress which could potentially lead to constitutional reforms. In Baja, voter turnout continues to be a challenge, with only 48% of registered voters turning out for Sunday’s election compared to a 60.92% voter turnout in the country overall. Mexican expats were also allowed to vote in-person for the first time either online or at Mexican Consulates, including in San Diego. 

Having previously served as Mexico City’s Governor, Sheinbaum is known for her scientific research and advocacy efforts in sustainability and public transit. During her candidacy, Sheinbaum presented 100 Pasos a la Transformacion (100 steps Towards the Transformation) which signified 100 proposals in sustainability, public safety, equity, healthcare, etc. On international relations efforts, Sheinbaum accepts that Mexico must continue collaborations with neighboring partners and understands the importance to complete regional projects such as the desalination plant in Baja California and infrastructure improvements in coastal roads from Cabos to Tijuana.  

Following the elections, President Lopez Obrador has assured that he’ll move forward with a list of nearly 20 constitutional reforms that have failed to pass during his term. These reforms include the dissolution of autonomous agencies, judiciary reform, and elevating the role of the National Guard over the Secretary of Defense. Sheinbaum has also reiterated campaign promises to focus on continuity on the “4th transformation”, President Lopez Obrador’s vision for economic equality and prioritizing vulnerable communities, including efforts to relocate investment in the Southeastern states. These strong statements have created economic uncertainty which led to an 8% depreciation of the Mexican peso within the first week. The new administration takes office on October 1st, a few weeks before the Chamber’s binational delegation to Mexico City. Save the date for this unique opportunity to connect with new federal officials: October 20-23, 2024.