Breaking News: Mexico Elects First Female President, Claudia Sheinbaum

Sheinbaum's Victory Speech

After being elected as Mexico's first female president Claudia Sheinbaum proudly announced her plans for the government including 'republican austerity financial and fiscal discipline and autonomy.' She also assured that Mexico 'will never have an authoritarian or oppressive government,' taking a subtle jab at some of those world leaders with more autocratic tendencies.

US Mexico Relations

Sheinbaum also emphasized a vision of maintaining a friendly and respectful relationship with the United States ensuring equality between the neighboring countries. As she put it 'And we will always defend Mexicans who find themselves on the other side of the frontier,' channeling some serious diplomatic vibes there.

Economic Challenges Ahead

Taking on the Mexican presidency amidst economic turmoil Sheinbaum faces the daunting task of steering the country through an ongoing recovery from the Covid 19 pandemic. With the country's GDP experiencing its largest contraction since the 1930s in 2020 Sheinbaum has her work cut out for her in terms of economic revival.

Pemex Predicament

The state petroleum company Pemex poses a significant challenge for Sheinbaum's administration with soaring debt levels and lower than expected oil production. Analysts at Verisk Maplecroft cast doubts on Sheinbaum's fiscal plans particularly her strategy to refinance Pemex's hefty debt obligations. Looks like a bumpy road ahead.

Climate Change Credentials

Despite her background as a climate scientist Sheinbaum did not make climate change a focal point of her campaign. However her previous work as a contributor to the U.N.'s Intergovernmental Panel on Climate Change hints at a potential green agenda during her presidency. A green eyed president quite literally!