<img height="1" width="1" src="https://www.facebook.com/tr?id=122870811637131&amp;ev=PageView &amp;noscript=1">
Read. Learn. Invest. Grow

President Peña Nieto Will Improve Security & Push Economic Reforms

20 March, 2013

ABC News and The Economist have written favorably of Mexico’s new President,Enrique Peña Nieto,who has set a “furious pace” to improve security and education,in addition to pushing economic reforms that are expected to make this already strong nation even more competitive in the world’s economy.

“Peña Nieto says his plan will make Mexico more democratic,and his drive for reform is fueling international confidence about Mexico,” writes ABC News. “Rating company Standard and Poor’s raised the country’s long-term sovereign credit rating from “stable” to “positive,” citing optimism about the government’s ability to carry out structural changes.”

In addition,the Mexican peso is now the strongest against the dollar that it has been in more than a year and a half. In early March on the 75th anniversary of the nationalization of Mexico’s oil company Petroleos Mexicanos (PEMEX),Peña Nieto also announced that he would transform the organization,pledging to modernize its operation and to draw additional foreign and private capital,a move for which the Pemex union head has pledged his full support. 

In addition to economic reforms that are taking place in Mexico real estate,“The new president pushed through the most sweeping education overhaul in seven decades,” writes ABC News. 

In fact,Peña Nieto has made significant moves to address both security and education concerns. For example,the president has promised to weed out corruption in the nation’s teacher’s union and to improve Mexico’s schools nationwide. According to The Economist,a bill sent to congress will restore control over teachers’ pay and hiring to the education ministry and will set up an independent agency to assess their performance. In addition,Mexico’s state governors have vowed support for the president’s plans to improve Mexico’s security.

“Mr. Peña has promised to halve the murder rate by 2018,” writes The Economist. “A law approved on December 13th centralizes responsibility for public security in a much-strengthened interior ministry. This will include a new paramilitary gendarmerie,mainly of retrained soldiers and initially numbering 10,000. The plan is to divide the country into five regions for security purposes.”