Mexico 2012: Presidential frontrunner Enrique Pena Nieto's speech bolsters optimism for reform

PRI presidential candidate and poll frontrunner Enrique Pena Nieto made a speech after filing his candidacy in Mexico City last November 27, 2011. One of the ambitious pledges that he has declared during this speech is a reform agenda regarding some policies that his party had blocked since 2000.

From Enrique Peña Nieto

The reforms in question involve boosting tax revenues, as well as allowing more private investment in the oil industry, which is mostly run by the state. Mexico has held it against the government for failing to address these issues, and is consequently blaming them for holding back the nation’s economy.


Poll analysts have put in opinions on the issue, saying that the candidate has a big lead over his rivals. Should Enrique Pena Nieto indeed be the next president, Mexico’s peso currency may in fact go up by up to 18 percent next year. A victory for him in the next election could bring PRI back to the majority.

From Enrique Peña Nieto

Some experts believe that in order to push his agendas through, Nieto might select Luis Videgaray as his next finance minister. Videgaray is well-respect by investors, and would likely help bolster the reform ambitions that Nieto has put forward.


While Nieto has not completely detailed his plans to the voting body at large, this “shake-up” could possibly send Mexico’s economy further towards success, as well as overhaul the justice system.

From Enrique Peña Nieto

Learn more about Enrique Pena Nieto, his career, and campaign at www.enriquepenanieto.com.