Proposed judicial reform in Mexico could affect investment climate: Fitch

However, Mexican companies will show resilience amid the uncertainty posed by the recent elections, which were won by the ruling Morena party, and credit metrics are likely to remain within rating expectations, Fitch added in a statement.

The coordinator of the Morena deputies, Ignacio Mier, clarified that the discussion of the reform to the Judicial Branch will begin on Friday, August 9, after the forums in which changes are analyzed end.

“Let there be no misunderstanding: The time for drafting amendments to the draft constitutional reform in judicial matters will begin, in the Constitutional Affairs Committee, from August 9, once the national dialogues have concluded,” he posted on his X account.

At the end of the sixth forum on this reform, he explained that the session of August 1, which was called by the Constitutional Points Commission of the Chamber of Deputies, will be to approve the discussion schedule for the 20 initiatives sent by President Andrés Manuel López Obrador.

What does the reform consist of?

The initiative for the Judiciary proposes changes related to the ministers of the Supreme Court of Justice of the Nation (SCJN), which are: reducing the number of members from 11 to 9 members; reducing their term of office from 15 to 12 years; eliminating the life pension for current and future ministers, and adjusting their remuneration to the maximum limit established for the president.

With information from Reuters and Yared de la Rosa