Latin America Weekly: Mexico’s judicial election, Argentina’s bond sale

Mexicans head to the polls on Sunday to elect almost 900 federal judicial positions and thousands of positions at the local level in a major overhaul of the country's judiciary that has raised concerns about the politicisation of the judiciary. The full economic effects are only likely to be felt in the medium term - potentially via weaker rule of law and lower investment. More immediately, it could act as an obstacle to USMCA renegotiations. Elsewhere, the sale of a peso-denominated bond to foreign investors by Argentina’s government this week is testament to the dramatic turnaround in the economy under Milei.