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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

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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International

New road and bridge explosions raise alarm amid indigenous protests in Ecuador

Ecuadorian authorities are investigating two explosions that occurred early Wednesday, one on a road in the southern part of the country and another under a bridge in Guayas province. These incidents follow the car bomb explosion in the coastal city of Guayaquil, also in Guayas, which occurred the day before and left one person dead and 30 injured.

Press reports indicate that one person was injured and several vehicles were damaged in the explosion on the Cuenca-Girón-Pasaje road in the south.

“Besides yesterday’s explosion in Guayaquil, we have received reports of explosives placed on bridges along the Guayaquil-Machala and Machala-Cuenca routes to disrupt traffic,” said Roberto Luque, Minister of Infrastructure and Transport (MIT).

On his X social media account, Luque reported that authorities have been deployed to the sites to assess the damage and determine the current condition of the structures.

“What they haven’t achieved with their call for a strike, some are trying to achieve through terrorism,” he stated, referring to the 24 days of protests organized by the Confederation of Indigenous Nationalities (Conaie) against rising diesel prices and other demands.

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The protests, called at a national level, have Imbabura province as their epicenter. Roadblocks have also been reported in the northern part of Pichincha province, whose capital is Quito, while activities in the rest of the country continue normally.

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International

Armed forces target illegal mines in Northern Ecuador with bombing raids

Ecuador’s Armed Forces carried out an operation on Monday — including airstrikes — against illegal mining in the town of Buenos Aires, in the country’s north, Defense Minister Gian Carlo Loffredo reported.

The mountainous, gold-rich area has been a hotspot for illegal mining since 2017, located in the Andean province of Imbabura.

In 2019, former president Lenín Moreno deployed around 2,400 soldiers to the region in an attempt to curb the illegal activity. “The operation began with mortar fire, followed by gunfire and bombing runs by Supertucano aircraft,” Loffredo said in a video released by the Defense Ministry.

He added that the operation would continue on Tuesday with patrols across the area to locate possible members of “irregular armed groups that may have crossed from the Colombian border.”

The Armed Forces stated on X that the intervention focused on the “complete elimination of multiple illegal mining tunnels” in the areas known as Mina Nueva and Mina Vieja.

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The operation coincided with the deployment of a military and police convoy into Imbabura, which has been the epicenter of protests against President Daniel Noboa since September 22, following his decision to scrap the diesel subsidy.

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