Cracks in the Pact?

Mexico’s energy reform may be on the rocks due to cracks in the Pact for Mexico, say analysts consulted by Latin Business Chronicle. That pact – agreed to by Mexico’s three-largest political parties last year shortly after President Enrique Peña Nieto took office – was created in the interest of promoting the new president’s reform agenda after no party captured a majority in the country’s congress.

While always “a bit forced” and more of “a short-term marriage of convenience,” says Irenea Renuncio, a Senior Associate at Risk Advisory Group, the cooperation between the three parties has already registered some notable successes.