Historic Election in Mexico: Country Set to Elect First Female President
Mexico has begun to count votes after a Sunday election that will almost certainly result in the country's first female president. The two frontrunners are Claudia Sheinbaum of the ruling Morena party, supported by the governing coalition 'Let's Keep Making History' and Xochitl Galvez, supported by a coalition of opposition parties. Jorge Alvarez Maynez, a third candidate, is running on behalf of the Citizens Movement. Sheinbaum has grabbed an early lead in the presidential vote as votes started trickling in. Mexico has around 100 million registered voters, and about 58 percent turned out to vote. The election includes positions for 128 Senate seats, 500 deputy seats, the governorship of Mexico City, and governorships in eight states. The final election results are expected to be finalized by June 8. Mexicans will have access to the quick count on June 2, which will estimate voting trends from a random sample of polling stations. The newly-elected president will be inaugurated on October 1, 2024, instead of the traditional December 1 date following a change in the electoral law in 2014. Besides the presidency, the race for Congress remains crucial, with the ruling Morena party aiming for a two-thirds majority to revise the constitution. The outcome of this election could impact the peso and investor confidence. Governorships in states like Veracruz and Jalisco are also closely watched in this historic election in Mexico.
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