Mexico's first female president

Claudia Sheinbaum was sworn in as Mexico's first female president on October 1, 2024, marking a historic moment in the nation's leadership. At 62, Sheinbaum, who has a background in science and previously served as mayor of Mexico City, aims to address pressing issues such as economic challenges, cartel violence, and women's rights. She has pledged to continue social welfare initiatives started by her predecessor, Andrés Manuel López Obrador, while also promising disciplined budget management to address the country's significant fiscal deficit. In her inaugural address, Sheinbaum emphasized the importance of transformation and safety for investments, assuring that the central bank would remain autonomous. Facing a country grappling with violence and a controversial judicial overhaul, she maintains that reforms will enhance the rule of law and democracy. Her first budget is due before November 15, 2024, and will be crucial for maintaining market confidence amidst economic uncertainties.