Category Archives: Pact for Mexico

SFP Leguleyos Defend the Noble Lie that Mexico Doesn’t Believe Anymore

There is a famous scene in Shrek the Third when the evil Prince attempts to exploit Pinocchio’s inability to lie (undetected) in order to learn Shrek’s whereabouts. But when questioned, Pinocchio engages in some verbal gymnastics to avoid both lying and … Continue reading

Posted in corruption, EPN, narco, Pact for Mexico, PAN, politics, PRI, SFP | Leave a comment

Perfect Storm – Is the Mexican Economy About to Collapse?

Mexico’s underperforming economy has been covered here before. But those posts addressed long-term, structural impediments to Mexico’s ability to develop a modern economy with a higher growth rate. Notably, those posts did not address the most commonly cited ‘structural’ flaws … Continue reading

Posted in economic development, economy, energy, fdi, finance, informality, investment, labor, narco, oil and gas, organized crime, Pact for Mexico | Leave a comment

Round 1 Shallow Water Contracts & Nightmare Compliance Provisions

The Secretary of Energy (SENER) and National Hydrocarbons Commission (CNH) released draft contracts and other information related to the Round 1 bidding on shallow water projects. Round 1 Basics Here is a map of the shallow water locations up for bidding: The Round … Continue reading

Posted in CNH, compliance, corruption, energy, fdi, oil and gas, Pact for Mexico, pemex, procurement, reform, SENER | Leave a comment

As it Turns to 2015, How Can Mexico Put 2014 Behind?

2014 was an unfortunate year for Mexico, despite (initially) glowing praise from international media outlets and a relatively painless process of passing major economic reforms. Ultimately, dark reality triumphed over glittering narrative, and the PR-based presidency of Enrique Peña Nieto (EPN) … Continue reading

Posted in corruption, crime, economic development, economy, energy, fdi, Iguala, normalistas, oil and gas, organized crime, Pact for Mexico, procurement, reform, rule of law, tender, transparency | Leave a comment

Anticorruption Update – Reform Stalls, Scandals Intensify

As of the last update, it seemed like the anticorruption reform – one of the last unfulfilled promises of the Pacto por Mexico – was close to being passed and certainly during the current legislative session. Alas, the reform is still … Continue reading

Posted in corruption, economy, Guerrero, Iguala, investment, legislation, normalistas, Pact for Mexico, reform, rule of law, SFP | 1 Comment

Anticorruption Update – PAN Unveils its Initiative, Finish Line in Sight

Previous posts described the latest developments with the Anticorruption Reform in the Chamber of Deputies (the Senate passed a version of the reform in December 2013). Although long-delayed, it appears that the Congress will pass the reform during the current legislative session. … Continue reading

Posted in corruption, economic development, legislation, Pact for Mexico, PAN, politics, PRD, PRI, reform, rule of law, SFP | 1 Comment

Anticorruption Update – Wither the Commission?

In a previous anticorruption update, I addressed the stalled reform involving the National Anticorruption Commission, and how the creation of a Special Prosecutor for Corruption Crimes further hindered the Commission’s creation. It seems things have gotten worse for the hypothetical Commission … Continue reading

Posted in corruption, legislation, Pact for Mexico, politics, reform | 1 Comment

Pacto por Mexico – Energy Reform Passed

Last week, Pres. Pena signed into law the secondary legislation implementing the Energy Reform under the Pacto por Mexico. The final contours of the law did not differ significantly from the changes made by the Senate, discussed here. This is … Continue reading

Posted in economy, energy, legislation, oil and gas, Pact for Mexico, reform, Uncategorized | Leave a comment

Anticorruption Update – Stalled Reform, Policing PEMEX/CFE

Forgotten Reform As discussed in previous posts, corruption in Mexico is a serious issue, costing the country up to around 9 percent of GDP. Thus, it’s not surprising that corruption has made its way onto the reform agenda of the Pacto por Mexico. … Continue reading

Posted in corruption, economy, energy, legislation, oil and gas, Pact for Mexico, pemex, politics, reform | 2 Comments

What’s Wrong with Mexico’s Economy – Informality

Journalists are running out of adjectives to describe Mexico’s recent economic performance: disappointing, slow, lackluster, stalled, etc. But they are not running out of people to cheerily forecast that improvement is right around the corner. This is the narrative pivot … Continue reading

Posted in corruption, economy, informality, legislation, Pact for Mexico, reform, rule of law, Uncategorized | 4 Comments