Claudia Sheinbaum made history as Mexico’s first female president when she was sworn in on October 1, 2024. 

In her inauguration speech, Sheinbaum, a 62-year-old scientist and former mayor of Mexico City, emphasized the significance of this moment for women, stating, “It’s time for transformation, it’s time for women.” 

Sheinbaum pledged to support women’s rights and ensure Mexico remains attractive for international investments, especially amid concerns raised by recent judicial reforms.

Sheinbaum assured investors that Mexico’s central bank would remain independent and reassured them about protecting national and foreign investments. However, economic challenges loom large. Sheinbaum inherits a significant budget deficit and slowing economic growth, prompting experts to suggest she may need to implement tax reforms. However, she has ruled out any major overhauls for now.

Sheinbaum also announced a series of ambitious initiatives, including 100 pledges to improve healthcare, education, and housing. She will also focus on tackling gender violence.

Sheinbaum’s leadership is seen as a continuation of the policies of her predecessor, Andrés Manuel López Obrador, who helped her secure a landslide victory. However, she faces challenges in managing Mexico’s economic stability while addressing social issues. The upcoming U.S. presidential election adds uncertainty, especially if tariffs on Mexican goods are reintroduced.

Her term will focus on balancing economic growth, social justice, and gender equality while maintaining investor confidence.