Andres Manuel Lopez Obrador sworn in as 58th President of Mexico

Veteran leftist leader Andres Manuel Lopez Obrador was sworn in as the 58th President of Mexico on December 1, 2018, in the presence a huge crowd that included world leaders including US Vice President Mike Pence, Ivanka Trump and King Felipe VI of Spain.

Lopez Obrador, who took office following his landslide victory in the July 1 presidential elections, vowed to bring an end to corruption, chronic poverty and extreme violence that has plagued the country for more than a decade. The 65-year-old would hold the post of President of Mexico for a term of six years.

He also promised higher wages for the poor and zero tolerance for corruption in his administration. He promised that his government would ensure a divide between economic and political power in the country and vowed to abolish the regime that the neo-liberal policies of the previous governments had created.

Obrador provided reassurance to the businesses regarding his policies, which includes the abrupt cancellation of a $13 billion New Mexico City airport. Markets had slumped in Mexico post-July 1 elections. He reiterated that investments in the country of 130 million people would be safe and pledged to respect central bank independence.

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