Summarize this content to 2000 words in 6 paragraphs in Arabic
\n MEXICO CITY (AP) \u2014 Mexico\u2019s president pledged to press ahead with judicial reforms that have made investors nervous, and suggested remittances would shore up the country\u2019s economy. President Andr\u00e9s Manuel L\u00f3pez Obrador discounted the 7% drop in the value of the peso against the U.S. dollar in the week following Sunday\u2019s elections and claimed Mexico\u2019s economy was sound. He predicted this year Mexico would see a record $65 billion in remittances, the money sent home by migrants working abroad. L\u00f3pez Obrador acknowledged that markets were nervous about a judicial reform he plans to push through that would make all judges run for election. He said that was because big companies were worried about losing judges who he claimed are protecting them. L\u00f3pez Obrador blamed shadowy elite forces he called \u201cthe promoters of nervousness,\u201d and accused them of undue influence in the current legal system, where judges are appointed or approved by legislators.<\/p>\n
\u201cThere are justices who are employees of the big corporations,\u201d L\u00f3pez Obrador said at his morning press briefing. \u201cThey have some judges on their keychains.\u201d<\/p>\n
Analysts say the president is angry that the country\u2019s judiciary has blocked several of his previous reforms because they were ruled unconstitutional.L\u00f3pez Obrador\u2019s Morena party won a two-thirds majority in Congress, which would allow them to pass changes to the Constitution, like the judicial reform, as well as mandates for a series of yet-unfunded government benefit programs. <\/p>\n
He pledged to continue to press for 20 constitutional changes, including one that would undo the country\u2019s current system of individual retirement accounts and the elimination of most independent government oversight and regulatory agencies.But markets are also concerned about Mexico\u2019s current budget deficit equivalent to about 6% of GDP, and payments to the country\u2019s debt-laden state-owned oil company, Pemex.<\/p>\n
Mexico also continues to struggle with persistently high inflation of nearly 5%, despite high domestic interest rates of 11%. Those high returns on government securities had also tended to shore up the value of the Mexican peso over the last year.L\u00f3pez Obrador has previously bragged about the peso\u2019s strength, and a reduction in the number of Mexican living in poverty (though extreme poverty has increased.) But experts say the peso\u2019s strength and poverty gains are due in part to the fact that remittances have almost doubled since 2019, as migrants increasingly sent money back to their families. Remittances rose from about $36 billion in 2019 to $63.3 billion in 2023. According to the World Bank, remittances accounted for 4.2% of Mexico\u2019s entire GDP, a number that is almost certainly higher now.In the first four months of 2024, remittances rose by 8.3% compared to the same period of 2023.Markets are also nervous about the ongoing costs of supporting Pemex and the cost of the subsidies that will have to continue to flow into the president\u2019s state-run transport projects.L\u00f3pez Obrador created a government-run airline providing subsidized, lower-cost tickets. That airline, Mexicana, has about $459 million in projected operational costs, and has ordered 20 new planes from Brazil\u2019s Embraer at a cost of $750 million, officials said Friday.<\/p>\n
But the company only carries about 1,000 passengers per day. Other projects, like the president\u2019s Maya Train line that runs in a loop around the Yucatan peninsula, have cost billions and may never break even.Markets are also questioning how much influence L\u00f3pez Obrador will continue to exert after Claudia Sheinbaum, the Morena candidate who won Sunday\u2019s elections, takes office Oct. 1. L\u00f3pez Obrador has previously said he will retire from politics entirely upon leaving office. But on Friday he said he would continue talking on the phone with Sheinbaum if she calls, and pledged \u201cto continue using my right to dissent, all my life.\u201d <\/p>\n
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Summarize this content to 2000 words in 6 paragraphs in Arabic MEXICO CITY (AP) \u2014 Mexico\u2019s president pledged to press ahead with judicial reforms that have made investors nervous, and suggested remittances would shore up the country\u2019s economy. President Andr\u00e9s Manuel L\u00f3pez Obrador discounted the 7% drop in the value of the peso against the<\/p>\n","protected":false},"author":1,"featured_media":110010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[],"class_list":{"0":"post-110009","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-international"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/110009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=110009"}],"version-history":[{"count":1,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/110009\/revisions"}],"predecessor-version":[{"id":110011,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/110009\/revisions\/110011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media\/110010"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=110009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=110009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=110009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}