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Weekly Report - 20 September 2018 (WR-18-37)

MEXICO: López Obrador uncertain about ‘pejenomics’

In the run-up to Mexico’s presidential elections in July the campaign team of the eventual winner, Andrés Manuel López Obrador, released a small document outlining the candidate’s economic proposals entitled ‘Pejenomics’ (in allusion to López Obrador’s nickname – ‘El Peje’). A key component of the proposals contained in Pejenomics is the rationalisation of government spending to reduce waste, make significant savings, and the redirecting of these resources towards development projects. Since winning election López Obrador has talked about implementing a ‘Republican austerity plan’ to free up government resources to allocate to a growing list of priority initiatives. Yet this week, for the first time, he suggested that his administration may not have enough money to achieve all of its objectives.

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