Investor confidence in Mexico was rattled last week after the president-elect abandoned a US$13bn airport project, raising fears that policy direction may soon take a more populist bent.
The US$6bn bonds that helped fund the project slipped multiple points after a four-day consultation that resulted in Mexicans voting in favour of refurbishing existing airports instead.
"The logical thing to do would have been for AMLO to thank the public for their valuable participation and announce that he would consider the best way forward after discussing this with the business community and the airport group," said Roger . . .