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1. Presidency created a comission for electoral reform

President Claudia Sheinbaum has created a commission to draft the announced electoral reform initiative. It was advanced that this initiative will bring changes in popular representation and citizen participation mechanisms. The commission’s objective will be to diagnose the current electoral model and draft a legislative proposal to present to Congress, ensuring the participation of citizens, academics, and organizations through discussion forums. This new commission will be headed by Pablo Gómez, known for his participation in past electoral reforms and who served as head of the Financial Intelligence Unit of the Ministry of Finance and Public Credit.

The creation of this commission stems from the President’s intentions to reduce the cost of elections, public funding for political parties, and the number of members in the Senate and the Chamber of Deputies. For its part, the opposition has warned about a possible reform that could centralize power, making their support for the initiative unlikely.

CNN México: Sheinbaum crea una comisión que elabore su iniciativa de reforma electoral

2. Federal Government presents new plan for Pemex

The Federal Government of Mexico has announced the Comprehensive Strategy for Training and Financing Pemex. The strategy ensures that the current administration will continue to cover Pemex’s financial obligations in 2025 and 2026. The goal is for the company to generate enough resources to pay its debts on its own starting in 2027.The plan also aims to ensure the oil company’s financial viability through 2030, solidify its role as a strategic pillar for Mexico, and continue the goal of producing 1.8 million barrels of oil per day.

President Sheinbaum stated that the company’s debt had been reduced from almost 330 billion pesos to 140 billion pesos due to financial support from the Ministry of Finance. She also mentioned that two new major oil fields in the Gulf of Mexico will be developed to boost production from existing fields, which currently account for 90-95% of national output. The strategy also includes the reconstruction of the entire petrochemical system and an investment in three gas pipelines in the country’s southeast to supply gas to the Yucatán Peninsula.

La Jornada: PEMEX será autosuficiente en 2027; Claudia Sheinbaum

3. The progress of Plan Mexico continues; four pharmaceutical companies announce investments

An investment of over 12 billion pesos from the pharmaceutical industry was announced. This investment will be made over the next few years to expand production capacity, develop active ingredients, create highly specialized jobs, and strengthen the country’s health sovereignty. The announcement, led by President Claudia Sheinbaum, is part of the “Plan Mexico” initiative, which aims to attract investments that will positively impact health and resilience to future health crises. The goal is to prepare the country for any pandemic or circumstance.

Among the companies that will participate in the investment is Boehringer Ingelheim, which will convert its tablet plant into one of the largest in the world. Carnot Laboratorios will build a new plant, while Bayer Mexico will expand the production of active pharmaceutical ingredients, and AstraZeneca will work on strengthening its operations. At the same time, Walmart also confirmed its adhesion to Plan Mexico and announced a $6 billion investment in the country to create more than 5,500 direct jobs.

El Financiero: Para que México este preparado para cualquier pandemia, farmacéuticas invertirán 12 mil mdp

El CEO: Sheinbaum confirma inversión de Walmart en México

4. Claudia Sheinbaum meets with representatives from Canada

President Claudia Sheinbaum of Mexico has hosted Canada’s Minister of Foreign Affairs, Anita Anand, and Minister of Finance, François-Philippe Champagne, at the National Palace. The purpose of the meeting was to prepare for an upcoming visit to Mexico by Canadian Prime Minister Mark Carney. Additionally, the discussions focused on increasing Canadian investment in Mexico.

This meeting comes amid a trade dispute between the two countries and the United States, which has created uncertainty for the future of the USMCA trade agreement. Mexico was recently granted a 90-day pause on new 30% U.S. tariffs, while Canada has been hit with increased tariffs of 35% on products like steel, aluminum, and certain automotive goods.

El CEO: Claudia Sheinbaum se reúne con ministros canadienses

5. Mexico’s growth is stagnating, according to ECLAC

Based on a report by the Economic Commission for Latin America and the Caribbean (ECLAC), the Latin American and Caribbean economy is projected to grow by 2.2% this year amid a complex and highly uncertain global context. The organization also indicated that economic performance will continue to be conditioned by weak external demand, restrictive financial conditions, and fragility stemming from internal factors such as a less dynamic consumption, low investment, high labor informality, and persistent structural inequalities.

However, in light of these effects, the agency raised its projections for Brazil, Chile, Panama, Uruguay, Paraguay, and Venezuela. For Mexico, there was no change to its estimated projection of 0.3% for this year, but its projection for 2026 estimates that Mexico’s GDP will expand by 1%.

El Economista: CEPAL sube a  2.2% su estimación para la económica de AL; mantiene 0.3% PIB de México