15-08-19 Latin American Weekly Report
Crushed Macri battling for survival as peso tumbles
Mexico’s President-elect Andrés Manuel López Obrador presented his much-anticipated public security strategy on 14 November. The far- ranging plan includes economic and social, as well as security, policy proposals. The most eye-catching feature of the security element of the initiative involves the role of the military. There will be no phased de-militarisation of public security. Quite the contrary. The plan would enshrine the military’s role in the constitution. It entails the creation of a national guard comprising the army, navy, and federal police (PF), answerable to the defence not the interior ministry. While the plan clears up some doubts over López Obrador’s security strategy, uncertainty persists over his economic strategy after a banking reform proposed by his party in congress saw the stock market suffer its biggest loss in seven years.
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