Official announcement from Moody's

Mexico to Elect Nearly All 7,000 Judges by Popular Vote in Unprecedented Reform

Sep 14, 2024, 07:41 PM

Mexico is set to amend its constitution to require the election of nearly all judges by popular vote, a reform championed by President Andrés Manuel López Obrador (AMLO). This unprecedented move will make Mexico the first country in the world to elect almost all of its judges through a popular vote, including 7,000 judges and Supreme Court judges. The reform has sparked a significant debate within the country, with critics arguing it could lead to increased corruption and organized crime influence, while supporters claim it will enhance judicial accountability. Financial markets have also reacted, with Moody's warning of a period of financial uncertainty due to the judicial overhaul.