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The economic data that defined Mexico’s second presidential debate

The second official debate of Mexico’s presidential candidates focused on economic issues, so promises about salary and employment, as well as macroeconomic and public finance figures dominated the exchanges.

These are the main data that marked the meeting of the three presidential candidates, the ruling party Claudia Sheinbaum, and the opponents Xóchitl Gálvez and Jorge Álvarez Máynez:

Álvarez Máynez, of the opposition Movimiento Ciudadano (MC), promised to raise the minimum wage to 10,000 pesos per month (about 583 dollars), above the current 7,467 pesos (435.4 dollars), while Sheinbaum asserted that it will rise to an equivalent of 2.5 basic baskets.

“(There are) better salaries. Remember that they did not increase wages for 36 years in the country and for the first time (under the government of Andrés Manuel López Obrador) they increased by 110%. We are going to take salaries to 2.5 basic baskets,” said the former head of Government of Mexico City (2018-2023).

Sheinbaum promised to build 100 new industrial parks to take advantage of the phenomenon of chain relocation or ‘nearshoring’.

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“We are going to develop another 10 welfare poles throughout the country to take advantage of the relocation that is taking place at the moment. Among other things, we are going to make 100 industrial parks linked to regional vocations, with education and development for well-being,” he said.

Gálvez denounced that the growth of per capita debt is equivalent to 54% during López Obrador’s six-year term (2018-2024).

“Yes, they got the country into debt. Today, every Mexican owes 128,000 pesos (7,463.5 dollars). (That is) 45,000 pesos ($2,623.9) more than when they arrived. That’s why I tell them that (Sheinbaum) tells lies. That’s why she is the candidate of lies,” said the candidate of the Alliance Fuerza y Corazón por México.

The opposition candidate promised that “everyone who earns less than 15,000 pesos ($874.6) a month will not pay taxes,” which “benefits 20 million Mexicans.”

The candidate of Fuerza y Corazón por México assured that the López Obrador Administration has granted Petróleos Mexicanos (Pemex) a tax support of 2 billion pesos (116,618 million dollars), which is equivalent to building 8 million homes and giving 50,000 pesos ($2,915.5 dollars) to each of those people.

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“Pemex is a robbed,” he said.

The ruling party candidate cited that the Government of López Obrador brought 5.1 million people out of poverty, based on the National Council for the Evaluation of Social Development Policy (Coneval).

“For the first time since 1982 we are below 40% of the poor population, and at the same time inequality decreased,” Sheinbaum said. But Gálvez argued that there are still 47 million people in poverty.

Sheinbaum accused his main rival, Gálvez, of representing the “neoliberalism” of his parties, National Action (PAN), the Institutional Revolutionary (PRI) and the Democratic Revolution (PRD).

“At the time of (Felipe) Calderón (president from 2006 to 2012, the inequality between rich and poor of the PAN), reached 35 times. With the transformation, inequality has decreased to 17 times, that is, it is a different model, before it was supported by those at the top, now it supports those at the bottom,” he argued.

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Álvarez Máynez stressed that Movimiento Ciudadano supports the reduction of the working day from 48 hours to 40 hours per week, in addition to accusing the parties of Gálvez and Sheinbaum of not supporting the proposal in Congress.

“She (Sheinbaum) is a candidate of the party that today has a majority in Congress. With your votes we could approve the decent workday with two days of rest a week, we could approve that this country has a universal minimum income,” he said.

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International

Petro expresses concern over fatal shooting during mass protests in Lima

Colombian President Gustavo Petro voiced his “concern” on Thursday over recent events in Peru, following the death of a protester reportedly shot during a massive demonstration in Lima against the government and Congress.

“I must express my concern over the events in Peru. A young artist has been killed in citizens’ protests,” Petro wrote on X (formerly Twitter).

The Colombian leader also noted that in Peru, “a popularly elected president remains imprisoned without conviction,” referring to Pedro Castillo, who led the country from July 2021 to December 2022 until he was removed by Congress following a failed attempted coup.

“This is a blatant violation of the American Convention on Human Rights,” Petro stated, adding, “I hope Peru seeks social and political dialogue to legitimize its public institutions.”

On Wednesday, Peru experienced widespread protests in several cities, with the largest demonstration in Lima in recent years, driven by citizens’ concerns over corruption and public insecurity.

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During the capital’s mobilization, the Ombudsman’s Office confirmed the death of Eduardo Ruiz, 32, and reported clashes that left over 100 injured, including 78 police officers and 24 protesters, as well as ten arrests.

The Attorney General’s Office, investigating Ruiz’s death “in the context of serious human rights violations,” confirmed that the protester was shot.

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International

Peru’s interim president José Jerí refuses to resign after protester’s death in Lima

Peru’s interim president, José Jerí, stated Thursday that he has no intention of resigning from the post he assumed last Friday, following the removal of former president Dina Boluarte, despite growing unrest over the death of a protester during massive demonstrations in Lima on Wednesday.

“I will not resign,” Jerí declared outside the Government Palace in Lima, where he returned on foot after making a surprise visit to Congress headquarters alongside Prime Minister Ernesto Álvarez.

Earlier, after leaving the Legislative Palace, the president acknowledged that the country is going through “difficult times” and condemned what he described as “a small group attempting to impose an agenda different from the citizens’ expression of discontent.”

Jerí expressed condolences for the death of Eduardo Ruiz, a 32-year-old man who died during Wednesday’s protest against the government and Congress, amid growing anger over corruption and insecurity.

“We stand in solidarity with his family,” he said, without offering further details about the incident, which has sparked outrage among Peruvians.

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The president also described the demonstrations as “a legitimate civic expression” that later turned violent due to “certain groups seeking to provoke chaos by exploiting a peaceful citizen movement.”

“In a state governed by the rule of law, the rights of both demonstrators and security forces must be protected,” Jerí emphasized, adding that “as a result of that situation, this unfortunate death occurred outside the main area where the protest was taking place.”

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International

Mexican government prioritizes 191 communities after deadly floods

Mexican President Claudia Sheinbaum confirmed on Wednesday that the death toll from recent rains and floods across several central states has risen to 66, while the federal government has activated air bridges and prioritized assistance in 191 isolated communities.

“Unfortunately, 66 people have died, and 75 remain missing,” the president said during her morning press conference. She added that the official death toll will be updated later in a new report.

As of Tuesday, authorities had reported 64 fatalities. Sheinbaum also announced the creation of a public information center to centralize official data on the deceased, missing persons, damaged homes, and cut-off communities.

According to the president, the number of missing persons has decreased thanks to coordination with state authorities.

“Through calls to phone line 079, 103 people who had been reported missing have now been located,” she explained.

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Priority Municipalities

The president noted that the federal government has classified 191 communities as ‘priority’, a designation based mainly on the percentage of homes affected.

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