Aquiles Duarte - Mexico City Mayor Miguel Ángel Mancera delivers remarks at the Global Cities Initiative Mexico City forum.
Mexico’s Cities Poised to Benefit from Electoral Reform
November 26, 2013,
Since his election over a year ago, one of President Enrique Peña Nieto of Mexico’s key economic priorities has been energy reform—opening the state-owned oil and gas conglomerate, PEMEX, to foreign investment. It now seems likely that, in order to secure the necessary supermajority for the change, Peña Nieto will first have to acquiesce to significant electoral reforms, weakening the presidency but also including a constitutional change that, for the first time, will allow legislators to seek reelection. While most coverage has focused on the impact of this reform at the national level, the real beneficiaries will be Mexico’s cities and metropolitan areas.