Mexico elects Claudia Sheinbaum as first female president | Wilnesh News

Mexico’s left-leaning climate scientist Claudia Scheinbaum received enough votes to become the first female president in the Latin American country’s history.

national electoral body Published quick count estimates Late Sunday night, Sheinbaum won the presidential election. The institute said the estimate has a margin of error of +/-1.5%.

In the landmark vote, Sheinbaum defeated her rival, center-right businesswoman Xóchitl Gálvez, after months of dominating the polls.

A protégé of her longtime ally and mentor Andres Manuel López Obrador, Sheinbaum is now poised to end Obrador’s six-year term as president on October 1 Replaced Obrador at the end of the day.

Sheinbaum, the former mayor of Mexico City known as the “Ice Lady” by her political opponents, has pledged to continue largely implementing Obrador’s policies and has the support of the ruling Morena party.

Sheinbaum previously served as a contributor to reports from the United Nations Intergovernmental Panel on Climate Change. However, the 61-year-old has not made the climate threats facing Mexico a centerpiece of her campaign.

Analysts say Mexico’s next government will face significant fiscal and structural realities that could lead to problems with its balanced investment plan, popular but costly welfare programs and, perhaps most importantly, state oil company Pemex. ) to make a difficult choice.

Analysts at Verisk Maplecroft said in a recent research note that “without concrete solutions to address the elephant in the room – Pemex – neither external market sentiment nor credit rating agencies will be convinced of Sheinbaum’s financial performance. Qualifications.

“Her main proposal – by refinancing Pemex’s maturing debt ($6.8 billion in 2025, followed by $10.5 billion in 2026 – for a total of $39 billion by the end of the decade) to resolve this issue – a purge with investors is unlikely to be achieved given Pemex’s deep structural problems,” they added.