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Developing Countries, Global Poverty, Politics

New President Prepares to Combat Poverty in Mexico

Combat Poverty in MexicoOn Sunday, June 2, 2024, Claudia Shinebaum was elected Mexico’s new president. This marks a historical moment as she is the first female president of Mexico. The former mayor of Mexico City was the chosen successor of Andres Manuel Lopez Obrador (AMLO). During AMLO’s term as president, he is credited with lifting more than 5 million Mexican citizens out of poverty. Promises of expanding social services and education reform and her work as Mexico City’s mayor leave many in the poverty-stricken nation hopeful that she will help to further combat poverty in Mexico.

Pending Pension Promises

Many of the initial items Shinebaum plans to address are continuations of projects AMLO has laid out. One of the biggest overhauls is the changes to Mexico’s pension program that started in 2020. A whole sweet of changes have been proposed and are in the process of implementation to make a pension available to more people and expand just how much goes into the fund.

The American Bar Association lays out the points of change, such as a decrease in the number of weekly contributions needed from 1,250 to 1,000 and an increase in the employers’ contribution by 8% with an increase in the government contribution. Additionally, these changes were laid out as gradual changes to be implemented by 2031; thus, it is expected that Shinebaum will oversee a majority of these rollouts during her term.

Investing in Education

Education reform has been an enduring issue in Mexico, with multiple proposed solutions with varying levels of efficacy. ALMO began his term by scraping his predecessors’ reforms, making way for his programs. He opened publicly funded universities to make higher education accessible to low-income students. Furthermore, this came alongside cuts to funding for higher education stemming from the policies of his predecessor.

He also lowered standardized testing requirements in an attempt to increase graduation rates. Reactions to these reforms have been mixed. Indeed, critics say that a strong focus on higher education has meant less focus on primary and secondary education. The Benito Juarez Welfare Scholarship seeks to provide aid to the families of students 15 and younger. The International Monetary Fund credits it as an important step toward addressing the plight of the 43.5% of Mexican citizens living in poverty. With this, citizens can expect Mexico’s new president to continue and expand on these social services throughout her term.

Final Note

According to the United States Agency for International Development (USAID), the U.S. has contributed $495 million to developmental projects in Mexico. However, this is just 0.03% of its gross domestic product (GDP). Given the close cultural, economic and geographic ties between the two nations, the U.S. may see it in its advantage to do more to help combat poverty in Mexico.

– Thane Zerbe

Thane is based in Wichita, KS, USA and focuses on Good News and Politics for The Borgen Project.

Photo: Unsplash

September 21, 2024
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https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Lynsey 2 https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Lynsey 22024-09-21 03:00:332024-09-21 01:36:31New President Prepares to Combat Poverty in Mexico

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