Mexico’s energy reforms to be delayed
Political infighting, poorly-drafted laws and an intense workload have delayed Mexico’s groundbreaking energy overhaul, potentially denting investor hopes about the country’s ambitious reform programme that so far has promised more than it has delivered. President Enrique Peña Nieto last year pushed through constitutional changes required to break-up Mexico’s 76-year old energy monopoly, Pemex. But so-called secondary legislation, needed for the reform to take effect, is yet to pass through Congress. The same is true of other initiatives covering telecommunications and electoral reform.
