MEXICO CITY, June 11, 2024 (BSS/AFP) - Mexican president-elect Claudia
Sheinbaum on Monday promised a wide consultation on proposed judicial reforms
that have shaken investor confidence following her landmark election win.

Mexico's stock market and currency fell sharply last week on fears that a
sizeable majority in Congress would enable Sheinbaum's left-wing ruling party
to push through constitutional changes potentially damaging to the business
climate.

One of the proposed reforms -- which require the approval of two-thirds of
Congress -- is for judges to be chosen by popular vote.

In her first press conference since being elected Mexico's first woman
president on June 2, Sheinbaum pledged a "broad consultation" on the
proposals, saying it would include bar associations, law schools and judges.

Asked if she was worried about the recent volatility of the Mexican peso, the
61-year-old said only that she did not expect any impact from the reforms on
financial markets.

The former Mexico City mayor, who won nearly 60 percent of votes, will
replace outgoing President Andres Manuel Lopez Obrador on October 1.

Congress is expected to convene on September 1, potentially giving Lopez
Obrador a one-month window to push through reforms before retiring.

Sheinbaum met her close ally and mentor for talks at the presidential palace
on Monday.

She said afterward that she would unveil her cabinet next week.

Lopez Obrador has an approval rating of more than 60 percent but is only
allowed to serve one term due to Mexico's presidential term limits.

His opponents accuse him of seeking to undermine Mexico's democratic
institutions in his attempts to reform the justice system.