Deputy Governor of Banxico/Councilors for COFECE

Deputy Governor of Banxico. President López Obrador said that the decision to ratify Gerardo Esquivel as Deputy Governor of the Bank of México (Banxico) has not yet been taken.

Gerardo Esquivel announced that if he is not ratified by the president to continue as Deputy Governor, he will go back to academics, the media and public opinion after the finish of his term on Dec 31.

Councilors for COFECE. President López Obrador stated he will comply with the decree of the Supreme Court (SCJN) and will send his list of candidates for Mexico’s Federal Economic Competition Commission (COFECE).

This week the Supreme Court discussed and resolved a constitutional controversy promoted by COFECE against the president for its omission to select and send to the Senate its list of councilor candidates.

According to articles 28 and 89 section II of the Constitution, the president has to send a list of candidates for ratification to the Senate. The SCJN determined that it is mandatory  that after the Evaluation Committee sends a list of the people with the highest scores in a knowledge exam, the president has to choose one for each vacancy and propose its ratification to the Senate. The omission was declared unconstitutional and as part of the effects, the authority will have 30 working days to remedy the default.

Pacific Alliance Presidency. President López Obrador said he plans to travel to Peru in December for the Pacific Alliance Summit. Moreover, he detailed that he will deliver the presidency of the Alliance to the Peruvian president Pedro Castillo.

The Summit will take place in Lima after being canceled in Mexico due to Peru´s Congress denying President Castillo authorization to attend the meeting in Mexico City. Last week, López Obrador reported the postponement of the presidential summit. The Pacific Alliance is a Latin American trade bloc formed by Chile, Colombia, Mexico and Peru.

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Click HERE for full transcript in Spanish