Claudia Sheinbaum made history as Mexico’s first woman president, emphasizing her commitment to women’s rights and economic stability. The 62-year-old scientist and former mayor of Mexico City was sworn in during a lively ceremony in Mexico’s Congress, marking the beginning of her six-year term.
In her inaugural speech, Sheinbaum highlighted the importance of transformation and women’s empowerment. She assured investors of a secure economic environment, promising to maintain the autonomy of the central bank and protect both national and foreign investments.
She acknowledged the challenges ahead, including addressing the budget deficit and lagging economic growth. Sheinbaum aims for “continuity with change,” building on the successes of her predecessor, Andres Manuel Lopez Obrador, while implementing necessary reforms to stimulate economic growth.
As Mexico’s largest trading partner, the outcome of the U.S. presidential elections in November could impact market volatility. Sheinbaum’s government plans to present a budget before mid-November, offering insight into her fiscal policies.
Despite facing economic uncertainties and the need for fiscal consolidation, Sheinbaum is determined to lead with transparency and inclusivity. Her approach to economic challenges and commitment to the people of Mexico will be crucial in shaping her presidency.
© Thomson Reuters 2024.