IBOV 173,325.65 ▼ 0.03% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,979 ▲ 1.81% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 56,620.35 — — USD/BRL5.07▼ 0.31% USD/MXN17.40▼ 0.15% USD/CLP934.18▼ 0.03% USD/COP3,213▼ 1.69% USD/PEN3.39▲ 0.11% USD/ARS1,478▼ 0.27% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▲ 0.31% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.73% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 1.20% BRENT 91.78 ▲ 2.87% WTI 84.88 ▲ 1.98% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.66% GOLD 4,086 ▲ 1.88% SILVER 59.17 ▲ 4.17% SOY 1,222 ▼ 0.31% CORN 475.25 ▲ 5.73% WHEAT 678.50 ▲ 0.67% COFFEE 322.80 ▼ 3.47% SUGAR 14.90 ▲ 0.54% ORANGE JUICE 142.30 ▼ 3.46% COTTON 80.03 ▲ 3.44% COCOA 5,606 ▲ 1.56% BEEF 223.05 ▼ 1.53% CATTLE 344.88 ▼ 2.02% LITHIUM 69.08 ▲ 3.23% PETR4 41.66 ▲ 1.24% VALE3 72.24 ▲ 0.43% ITUB4 42.53 ▲ 0.54% BBDC4 18.55 ▲ 0.76% ABEV3 15.80 ▲ 0.06% BBAS3 20.88 ▲ 3.52% B3SA3 15.17 ▼ 0.59% WEGE3 42.47 ▼ 1.53% PRIO3 58.18 ▲ 0.85% SUZB3 41.63 ▼ 0.62% RENT3 36.55 ▼ 2.51% AZZA3 17.48 ▼ 3.80% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.73 ▲ 5.00% GMAT3 3.83 ▼ 0.52% PSSA3 53.48 ▼ 1.33% CVCB3 1.12 ▲ 3.70% POSI3 3.68 ▼ 0.54% SLCE3 13.75 ▲ 1.33% NATU3 8.71 ▲ 0.93% BRKM5 5.71 ▼ 3.87% RANI3 7.89 ▼ 1.25% CSNA3 5.06 ▼ 0.20% CMIN3 5.58 ▲ 3.53% USIM5 8.46 ▲ 3.68% GGBR4 23.49 ▼ 0.55% ENEV3 25.42 ▼ 0.90% CPFE3 46.40 ▲ 0.17% CMIG4 11.02 — 0.00% EQTL3 38.83 ▼ 1.17% LREN3 13.27 ▼ 0.30% VIVT3 35.80 ▲ 0.36% RAIL3 13.24 ▼ 2.43% KLABIN 17.59 ▲ 0.63% RAIA DROGASIL 18.13 ▼ 3.00% RDOR3 33.92 ▼ 4.32% HAPV3 11.24 ▼ 2.68% FLRY3 16.55 ▼ 0.06% SMTO3 15.58 ▲ 1.10% UGPA3 31.82 ▲ 0.38% VBBR3 33.95 ▼ 0.47% BBSE3 41.55 ▲ 1.22% BPAC11 55.37 ▼ 0.84% CURY3 29.95 ▼ 0.79% AERI3 2.04 ▼ 1.45% VIVARA 21.41 ▼ 2.50% COMPASS 24.44 ▼ 0.65% VAMOS 3.09 — 0.00% SANB11 27.21 ▲ 0.74% ASAI3 8.25 ▲ 1.35% SBSP3 28.60 ▼ 1.31% WALMEX 49.12 ▼ 0.53% GMEXICO 208.97 ▲ 3.73% FEMSA 226.74 ▼ 0.05% CEMEX 22.07 ▲ 1.19% GFNORTE 187.07 ▲ 3.93% BIMBO 59.33 ▲ 0.03% TELEVISA 9.76 ▲ 0.51% AMX 22.75 ▲ 0.04% GAP 378.52 ▲ 0.09% ASUR 274.96 ▲ 0.22% OMA 226.26 ▼ 0.07% KOF 180.47 ▼ 0.27% GRUMA 283.40 ▼ 1.46% KIMBER 38.35 ▼ 0.10% SQM-B 64,540 ▼ 1.39% COPEC 6,450 ▲ 3.21% BSANTANDER 79.01 ▲ 2.61% FALABELLA 5,919 ▲ 1.44% ENELAM 84.53 ▲ 0.58% CENCOSUD 2,028 ▲ 1.65% CMPC 1,084 ▲ 1.30% BANCO CHILE 190.01 ▲ 0.80% LATAM AIR 24.20 ▼ 1.98% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,475 ▲ 3.89% TXAR 679.00 ▲ 1.27% ALUAR 973.00 ▲ 1.41% TGS 9,710 ▲ 2.21% CEPU 2,340 ▲ 2.23% MIRGOR 16,775 ▼ 2.04% COME 42.87 ▼ 0.19% LOMA NEGRA 3,605 ▲ 0.91% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,255 ▲ 2.65% ECOPETROL 16.53 ▲ 3.12% BANCOLOMBIA 83.64 ▲ 3.49% GRUPO AVAL 5.09 ▲ 2.83% CREDICORP 391.10 ▲ 1.10% SOUTHERN COPPER 188.01 ▲ 7.39% BUENAVENTURA 31.25 ▲ 3.96% MERCADOLIBRE 1,823 ▼ 0.53% NUBANK 14.39 ▲ 2.86% XP 16.85 ▲ 0.30% PAGSEGURO 9.58 ▲ 3.12% STONE 11.26 ▲ 1.21% GLOBANT 32.10 ▼ 0.59% TECNOGLASS 45.15 ▼ 2.08% GAP AIRPORT 217.68 ▲ 0.26% ASUR 274.96 ▲ 0.22% OMA AIRPORT 104.23 ▲ 0.21% AMX ADR 26.09 ▼ 0.04% FEMSA ADR 130.35 ▲ 0.26% CEMEX ADR 12.70 ▲ 1.68% PETROBRAS ADR 18.54 ▲ 1.92% VALE ADR 14.25 ▲ 1.06% ITAU ADR 8.40 ▲ 0.96% SANTANDER BR 5.40 ▲ 0.56% AMBEV ADR 3.11 ▲ 0.97% CSN 1.01 ▼ 0.50% GERDAU 4.64 ▼ 0.85% LATAM ADR 51.58 ▼ 0.31% BTC 66,516 ▲ 1.97% ETH 1,929 ▲ 1.31% SOL 78.10 ▲ 0.40% XRP 1.14 ▲ 2.80% BNB 573.69 ▲ 0.52% ADA 0.17 ▲ 2.13% DOGE 0.07 ▲ 1.68% AVAX 6.57 ▼ 0.09% LINK 8.65 ▲ 0.80% DOT 0.85 ▲ 2.40% LTC 46.84 ▼ 1.05% BCH 223.75 ▲ 1.75% TRX 0.33 ▲ 0.86% XLM 0.19 ▲ 1.95% HBAR 0.07 ▲ 4.31% NEAR 1.93 ▼ 2.15% ATOM 1.49 ▼ 0.60% AAVE 95.56 ▲ 6.44% SELIC 14.25% EGX 53,990 ▲ 1.63% USD/ZAR16.46▼ 0.40% USD/NGN 1,376 — 0.00% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY163.19▲ 0.42% USD/CNY6.77▼ 0.03% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD1.14▼ 0.09% GBP/USD 1.3379 — 0.00% SPX 7,509 ▲ 0.89% DJI 52,225 ▲ 0.74% NDX 29,155 ▲ 1.93% RUT 2,987 ▲ 1.53% TSX 35,369 ▲ 1.17% VIX 17.05 ▼ 8.58% USD/CAD1.41▲ 0.25% US10Y 4.6280 ▲ 0.65% IBOV 173,325.65 ▼ 0.03% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,979 ▲ 1.81% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 56,620.35 — — USD/BRL 5.07 ▼ 0.59% USD/MXN 17.41 ▼ 0.05% USD/CLP 934.18 ▲ 0.02% USD/COP 3,213 ▼ 1.31% USD/PEN 3.39 ▲ 2.23% USD/ARS 1,478 ▼ 0.27% USD/UYU 40.11 ▲ 0.99% USD/PYG 6,045 ▲ 1.66% USD/BOB 10.80 ▲ 2.37% USD/DOP 58.02 ▼ 0.31% USD/CRC 446.12 ▲ 1.06% USD/GTQ 7.62 ▲ 2.20% USD/HNL 26.74 ▲ 1.49% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▲ 1.58% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.55% USD/TTD 6.73 ▲ 1.02% EUR/BRL 5.78 ▼ 0.62% BRENT 91.78 ▲ 2.87% WTI 84.88 ▲ 1.98% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.66% GOLD 4,086 ▲ 1.88% SILVER 59.17 ▲ 4.17% SOY 1,222 ▼ 0.31% CORN 475.25 ▲ 5.73% WHEAT 678.50 ▲ 0.67% COFFEE 322.80 ▼ 3.47% SUGAR 14.90 ▲ 0.54% ORANGE JUICE 142.30 ▼ 3.46% COTTON 80.03 ▲ 3.44% COCOA 5,606 ▲ 1.56% BEEF 223.05 ▼ 1.53% CATTLE 344.88 ▼ 2.02% LITHIUM 69.08 ▲ 3.23% PETR4 41.66 ▲ 1.24% VALE3 72.24 ▲ 0.43% ITUB4 42.53 ▲ 0.54% BBDC4 18.55 ▲ 0.76% ABEV3 15.80 ▲ 0.06% BBAS3 20.88 ▲ 3.52% B3SA3 15.17 ▼ 0.59% WEGE3 42.47 ▼ 1.53% PRIO3 58.18 ▲ 0.85% SUZB3 41.63 ▼ 0.62% RENT3 36.55 ▼ 2.51% AZZA3 17.48 ▼ 3.80% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.73 ▲ 5.00% GMAT3 3.83 ▼ 0.52% PSSA3 53.48 ▼ 1.33% CVCB3 1.12 ▲ 3.70% POSI3 3.68 ▼ 0.54% SLCE3 13.75 ▲ 1.33% NATU3 8.71 ▲ 0.93% BRKM5 5.71 ▼ 3.87% RANI3 7.89 ▼ 1.25% CSNA3 5.06 ▼ 0.20% CMIN3 5.58 ▲ 3.53% USIM5 8.46 ▲ 3.68% GGBR4 23.49 ▼ 0.55% ENEV3 25.42 ▼ 0.90% CPFE3 46.40 ▲ 0.17% CMIG4 11.02 — 0.00% EQTL3 38.83 ▼ 1.17% LREN3 13.27 ▼ 0.30% VIVT3 35.80 ▲ 0.36% RAIL3 13.24 ▼ 2.43% KLABIN 17.59 ▲ 0.63% RAIA DROGASIL 18.13 ▼ 3.00% RDOR3 33.92 ▼ 4.32% HAPV3 11.24 ▼ 2.68% FLRY3 16.55 ▼ 0.06% SMTO3 15.58 ▲ 1.10% UGPA3 31.82 ▲ 0.38% VBBR3 33.95 ▼ 0.47% BBSE3 41.55 ▲ 1.22% BPAC11 55.37 ▼ 0.84% CURY3 29.95 ▼ 0.79% AERI3 2.04 ▼ 1.45% VIVARA 21.41 ▼ 2.50% COMPASS 24.44 ▼ 0.65% VAMOS 3.09 — 0.00% SANB11 27.21 ▲ 0.74% ASAI3 8.25 ▲ 1.35% SBSP3 28.60 ▼ 1.31% WALMEX 49.12 ▼ 0.53% GMEXICO 208.97 ▲ 3.73% FEMSA 226.74 ▼ 0.05% CEMEX 22.07 ▲ 1.19% GFNORTE 187.07 ▲ 3.93% BIMBO 59.33 ▲ 0.03% TELEVISA 9.76 ▲ 0.51% AMX 22.75 ▲ 0.04% GAP 378.52 ▲ 0.09% ASUR 274.96 ▲ 0.22% OMA 226.26 ▼ 0.07% KOF 180.47 ▼ 0.27% GRUMA 283.40 ▼ 1.46% KIMBER 38.35 ▼ 0.10% SQM-B 64,540 ▼ 1.39% COPEC 6,450 ▲ 3.21% BSANTANDER 79.01 ▲ 2.61% FALABELLA 5,919 ▲ 1.44% ENELAM 84.53 ▲ 0.58% CENCOSUD 2,028 ▲ 1.65% CMPC 1,084 ▲ 1.30% BANCO CHILE 190.01 ▲ 0.80% LATAM AIR 24.20 ▼ 1.98% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,475 ▲ 3.89% TXAR 679.00 ▲ 1.27% ALUAR 973.00 ▲ 1.41% TGS 9,710 ▲ 2.21% CEPU 2,340 ▲ 2.23% MIRGOR 16,775 ▼ 2.04% COME 42.87 ▼ 0.19% LOMA NEGRA 3,605 ▲ 0.91% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,255 ▲ 2.65% ECOPETROL 16.53 ▲ 3.12% BANCOLOMBIA 83.64 ▲ 3.49% GRUPO AVAL 5.09 ▲ 2.83% CREDICORP 391.10 ▲ 1.10% SOUTHERN COPPER 188.01 ▲ 7.39% BUENAVENTURA 31.25 ▲ 3.96% MERCADOLIBRE 1,823 ▼ 0.53% NUBANK 14.39 ▲ 2.86% XP 16.85 ▲ 0.30% PAGSEGURO 9.58 ▲ 3.12% STONE 11.26 ▲ 1.21% GLOBANT 32.10 ▼ 0.59% TECNOGLASS 45.15 ▼ 2.08% GAP AIRPORT 217.68 ▲ 0.26% ASUR 274.96 ▲ 0.22% OMA AIRPORT 104.23 ▲ 0.21% AMX ADR 26.09 ▼ 0.04% FEMSA ADR 130.35 ▲ 0.26% CEMEX ADR 12.70 ▲ 1.68% PETROBRAS ADR 18.54 ▲ 1.92% VALE ADR 14.25 ▲ 1.06% ITAU ADR 8.40 ▲ 0.96% SANTANDER BR 5.40 ▲ 0.56% AMBEV ADR 3.11 ▲ 0.97% CSN 1.01 ▼ 0.50% GERDAU 4.64 ▼ 0.85% LATAM ADR 51.58 ▼ 0.31% BTC 66,516 ▲ 1.97% ETH 1,929 ▲ 1.31% SOL 78.10 ▲ 0.40% XRP 1.14 ▲ 2.80% BNB 573.69 ▲ 0.52% ADA 0.17 ▲ 2.13% DOGE 0.07 ▲ 1.68% AVAX 6.57 ▼ 0.09% LINK 8.65 ▲ 0.80% DOT 0.85 ▲ 2.40% LTC 46.84 ▼ 1.05% BCH 223.75 ▲ 1.75% TRX 0.33 ▲ 0.86% XLM 0.19 ▲ 1.95% HBAR 0.07 ▲ 4.31% NEAR 1.93 ▼ 2.15% ATOM 1.49 ▼ 0.60% AAVE 95.56 ▲ 6.44% SELIC 14.25% EGX 53,990 ▲ 1.63% USD/ZAR 16.46 ▲ 0.03% USD/NGN 1,376 — 0.00% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 163.19 ▲ 0.03% USD/CNY 6.7651 ▲ 0.12% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD 1.1405 ▲ 0.01% GBP/USD 1.3379 — 0.00% SPX 7,509 ▲ 0.89% DJI 52,225 ▲ 0.74% NDX 29,155 ▲ 1.93% RUT 2,987 ▲ 1.53% TSX 35,369 ▲ 1.17% VIX 17.05 ▼ 8.58% USD/CAD 1.4107 ▲ 0.01% US10Y 4.6280 ▲ 0.65%
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Wednesday, July 22, 2026

Rule of Law: Mexico’s Achilles’ Heel in Democratic Performance

By · September 18, 2024 · 2 min read

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Mexico’s journey towards democracy reflects both notable achievements and ongoing challenges.

The nation’s democratic performance in areas like representation, rights, and participation shows progress but also reveals gaps, particularly in the rule of law.

The International Institute for Democracy and Electoral Assistance (IDEA) highlights Mexico’s position in global democracy rankings.

Mexico ranks 69th in representation, positioning it below Liberia but above India. In the area of rights, Mexico holds the 113th spot, standing above Zimbabwe yet below Qatar.

The country’s performance in the rule of law also ranks 113th, placing it above Kyrgyzstan but beneath Kazakhstan.

Additionally, Mexico ranks 119th in participation, with countries like Paraguay scoring higher and Cape Verde lower.

Rule of Law: Mexico's Achilles' Heel in Democratic Performance. (Photo Internet reproduction)
Rule of Law: Mexico’s Achilles’ Heel in Democratic Performance. (Photo Internet reproduction)
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This mixed performance underscores significant room for improvement. According to the report, Mexico’s democratic performance has declined in 11 out of 17 key factors, pointing to ongoing challenges that must be addressed.

One of Mexico’s major successes is the advancement of women in politics. Recent reforms introduced gender parity across all branches of government, culminating in the election of Mexico’s first female president in 2024.

This landmark achievement demonstrates the nation’s progress toward gender equality, although persistent issues such as gender-based violence and high femicide rates continue to demand attention.

Mexico has also struggled with rising drug-related violence over the past two decades, with corruption enabling criminal organizations to influence politics, even through violent interference in elections.

The creation of the National Guard in 2019 represents the government’s effort to tackle these issues, but the militarization of public security has faced scrutiny for its human rights implications.

Rule of Law: Mexico’s Achilles’ Heel in Democratic Performance

Political transitions in Mexico have largely remained democratic, as seen with Morena’s 2018 electoral victory.

However, concerns persist over government criticism of the media and opposition, as well as proposed reforms that may weaken judicial independence and undermine democratic checks on executive power.

Globally, voter turnout has declined, and legal challenges to elections have risen, with one in five elections contested between 2020 and 2024.

These trends reflect the growing complexities in maintaining democratic integrity worldwide.

As Mexico moves forward, addressing issues in the rule of law, press freedom, and judicial independence will prove essential.

These challenges, if properly navigated, will determine the country’s future democratic stability and global standing.

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