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After the Airport, Can AMLO Recover Markets’ Trust?

November 05, 2018

Since election day on July 1, Mexico’s President-elect Andrés Manuel López Obrador has taken several steps to calm market nerves, promising fiscal discipline, naming moderates to key economic positions, and pledging not to meddle in Central Bank policy. 

Then came the airport. On Oct. 28, following a contentious “public consultation" on the subject, AMLO, as he is widely known, said he would cancel a $13 billion airport project underway outside Mexico City in favor of a cheaper alternative championed by his team. The decision to cancel the project – which is already around 30...

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