MEXICO CITY, June 10 (Reuters) - Mexican President-elect
Claudia Sheinbaum said on Monday she would put up for discussion
proposed constitutional reforms, including a judicial overhaul
that has spooked markets, before the next congressional session
kicks off.
The judicial reform would replace an appointed Supreme Court
with popularly elected judges, as well as for some lower courts,
which critics allege would fundamentally alter the balance of
power in Mexico.
Sheinbaum, speaking in a press conference following a
meeting with outgoing President Andres Manuel Lopez Obrador,
said the reform would be "among the first" that could be passed,
along with some boosted social benefits.
She added she did not believe the proposed reforms would
impact the peso, which tumbled following her election win
earlier this month.
As Sheinbaum was speaking, however, the peso weakened by
nearly 2% against the U.S. dollar in international trading.
Some of the measures are part of a slew of
constitutional reforms Lopez Obrador proposed in February that
would also eliminate key regulatory agencies.
At the time they did not cause market jitters, but investors
sounded the alarm as the ruling coalition honed in on a
congressional super-majority needed to pass constitutional
reforms in the June 2 election.
The coalition led by MORENA secured a two-thirds
super-majority in the lower house but fell just short in the
Senate, although analysts believe those extra votes can likely
be secured through negotiation.
While the newly elected Congress will take office at the
beginning of September, Sheinbaum will not be inaugurated until
a month later, which could give Lopez Obrador and lawmakers a
window to try to enact the reforms.
"In the case of the judicial reform, (discussion) should
be through the bar association, professors of law, the ministers
and magistrates themselves," Sheinbaum said.
She added she would name her cabinet next week, and that she
would receive a team sent by U.S. President Joe Biden on
Tuesday.
Lopez Obrador had said earlier in the day he would not
pressure Sheinbaum to rush the package of constitutional reforms
through Congress.
Mexico's peso is now down 8% since the elections Sheinbaum
and her party won in a landslide - its biggest plunge since the
COVID-19 pandemic - while the country's main stock index has
fallen nearly 4%.
(Reporting by Raul Cortes Fernandez, Ana Isabel Martinez, Kylie
Madry, Diego Ore, Lizbeth Diaz and Aida Pelaez-Fernandez;
Editing by Brendan O'Boyle, Alistair Bell, Christian Plumb and
Lincoln Feast.)