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Business Matters: How investors react to Mexico’s first female president

How investors react to Mexico’s first female president

04/06/2024 GMT

BBC World Service - Business Matters, How investors react to Mexico’s first female president

The peso has weakened to its lowest level since last year

The peso slipped about 3% against the dollar, its lowest level since November last year. How will it affect local business owners and the economy?

Mexico's first female president, Claudia Sheinbaum, breaks a political glass ceiling and she wins the election. However, following the victory, investors have been reacting rather negatively. They’ve been selling off pesos—Mexico’s currency—over fears of radical constitutional changes. The peso slipped about 3% against the dollar, its lowest level since November last year. How will it affect local business owners and the economy?

Also, in the programme, Sam Fenwick finds out why the boss of the World Bank, Ajay Banga, thinks it’s time for emerging economies to stop relying on infinite streams of cash from other governments. 

(Photo: Sheinbaum wins Mexico's presidential election. Credit: Reuters)

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