AMLO considering axing IFT

13 Jan 2021

Mexican President Andres Manuel Lopez Obrador, widely known as AMLO, intends to present his cabinet with a proposal to evaluate whether certain government institutions – including the Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones, IFT) – could be abolished and merged into existing ministries. According to Reuters, Lopez Obrador, who has implemented steep budget cuts and trimming wasteful expenditure since taking office, seeks to use the funding to support welfare and infrastructure spending. While the IFT has managed to dent America Movil’s market power since its introduction in 2013, AMLO maintains that the watchdog has failed in its duty to rein-in the monopolistic power of some companies.