AMLO seeking to eliminate Mexican regulators

Mexican President Andrés Manuel López Obrador (AMLO) announced that he will send a bill to congress to abolish several regulators, like energy watchdog CRE. 

CRE makes sure permit holders comply with the country's legal framework and grants licenses for energy storage and generation, among others.

“We have to carry out an administrative reform and all those supposedly autonomous organizations have to disappear, and they are supposedly autonomous because they do not serve the people, they are at the service of minorities,” AMLO said Monday during his morning press conference. 

He added that his government cannot plan a fiscal reform yet to increase the State’s income when money is being wasted on agencies like CRE, transparency watchdog INAI and telecom regulator IFT, among others. 

It is unclear how the reform would unfold and where it would end, but AMLO’s Morena party does not have the two-thirds majorities in the lower house and senate to change the constitution, but it has majorities to change specific laws.

AMLO threatened repeatedly to eliminate regulators, but so far has never taken concrete actions on that front.