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Mexican president says8k8 agent login judicial reform bill could pass in September

片寄凉太土屋太凤最强售后 | 8k8 agent login | Updated: 2024-07-20 14:50:13

Mexico's President Andres Manuel Lopez Obrador and president-elect Claudia Sheinbaum walk at the National Palace during a private meeting, in Mexico City, Mexico June 10, 2024. [Photo/Agencies]

MEXICO CITY - Mexico's legislature could approve a bill to reform the judicial system in September, President Andres Manuel Lopez Obrador said Tuesday, downplaying market "jitters" over the controversial initiative that sparked a depreciation in the Mexican peso.

"I think the new Congress could do it ... in September," Lopez Obrador told reporters at his daily press conference, in reference to the potential passing of the bill, noting that September is the month of national celebrations.

The bill aimed at eliminating corruption in the judicial branch also has the backing of his successor Claudia Sheinbaum, the winner of the presidential election on June 2.

Dismissing market "jitters" over the proposal and the peso's subsequent dip, Lopez Obrador said Mexico's economy is solid and the public finances are in good shape.

In addition, a healthy investment market requires a strong legal framework to thrive, he said.

"It may be that now there are these imbalances, but this is about having a true rule of law, which is what investors, not speculators, want. True business owners want rule of law," he stressed.

Lopez Obrador and Sheinbaum met on Monday and agreed to promote broad discussion in the country around the proposed bill, which calls for constitutional amendments to allow judges, magistrates and ministers of justice to be elected by popular vote.

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