Mexico’s President Proposes Reform of Congress; 4 Ecuadorian Ministers Resign

A roundup of Thursday’s news from across Latin America

April 29, 2022 | 02:15 AM

Bloomberg Línea — Mexico’s President Andrés Manuel López Obrador has introduced a bill that would eliminate more than a third of the seats in Congress, but which is unlikely to have the support of opposition parties. The proposal would eliminate legislators selected by party leaders - and not voters - known as ‘plurinominal’ seats, which the government says would save money and create a more democratic legislature. The initiative would need a two-thirds majority in both chambers, and López Obrador may find it difficult to persuade more than 200 legislators to vote to lose their jobs.

The Ecuadorian government has suffered an upheaval, with the resignation of four ministers over the space of two days. The defense, energy, agriculture, and human rights portfolios will all change hands in President Guillermo Lasso’s government as a result of the departures. The most recent departure was that of Energy and Mines Minister Juan Carlos Bermeo, who offered his resignation on Thursday after 11 months in the role, and who will be replaced by Xavier Vera Grunauer, formerly vice minister for the portfolio.

The region’s main stock markets closed with gains on Thursday, led by Peru (SPBLPGPT) and Brazil’s Ibovespa (IBOV).

Following is a roundup of Thursday’s news from Bloomberg Línea and Bloomberg reporters across Latin America.






El Salvador: