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Economy / Mexico

Mexico

March 2012 | Risk Summary

The Partido Acción Nacional (PAN) is looking increasingly disjointed as corruption scandals and defections weigh on the popular approval ratings of the party, hindering the chances of its presidential nominee, Josefina Vázquez Mota at victory in the July election. She already lags behind the Partido Revolucionario Institucional (PRI)'s Enrique Peña Nieto by 14.3 percentage points as of a March Consulta Mitofsky poll, and with her party in disarray, we believe Vázquez Mota faces a considerable uphill battle. The problems within the PAN first became apparent when Vázquez Mota accepted her party's nomination for the presidency in front of a half-empty stadium, leading many in Mexico to question her ability to command the party's loyalty. Since then, we have seen a number of corruption scandals weighing on public perception of the party. First, Javier Corral, a PAN legislator, accused fellow party members of vote-rigging in a primary race in Chihuahua. More recently, Manuel Clouthier Carrillo - a former PAN deputy and son of the party's 1988 presidential candidate - attempted to register as an independent presidential candidate, citing extreme levels of corruption within the party.

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