Less than one percent of crimes are punished in Mexico, according to a new study that highlights the grave structural and institutional weaknesses that have allowed organized crime to flourish in the country.
According to the new Mexico Global Impunity Index published by the Center for Impunity and Justice Studies at Universidad de Las Américas, only 4.46 percent of crimes recorded in Mexico result in convictions.
However, the report adds, only around seven percent of crimes are actually reported, which when taken into account means that over 99 percent of crimes committed in Mexico go unpunished. The study found the most common reasons for not reporting crimes were the amount of time it takes and a lack of faith in the authorities.
The report also ranked other countries around the globe by assigning impunity scores based on various factors, from crime reporting rates to the capacities of security and justice institutions. Among the countries included in the report, Mexico ranked as the second worst for impunity after the Philippines and the worst in the Americas, with only Colombia coming close to Mexico’s score.
The CESIJ blamed a combination of political failures and meddling, weak, underfunded and corrupt institutions as well as the presence of organized crime for Mexico’s impunity woes.
Bloomberg – Mexico on Friday plans to sign an agreement for a $400 million loan from the World Bank to help Latin America’s second-largest economy develop rural areas by lending to farmers and fishermen.
InSight Crime – Authorities in Guerrero, Mexico have claimed a fatal shootout at a child’s birthday party was the result of a breakdown in negotiations during a narco-summit, which if true is an indication of the extent of criminal fragmentation in the troubled state.
Sentido Comun – Grupo Aeroportuario del Sureste, or Asur, said the number of passengers visiting its terminals rose 8 percent last month against the same period last year, the 58th monthly increase but the slowest pace since July 2014.
Sentido Comun – Cemex, the leading cement maker in the Americas, said it posted profits last year for the first time since 2009, something that surprised analysts and generated renewed interest of investors in the producer of materials construction.
Mexico’s homebuilding business is staging a comeback less than three years after the industry’s biggest companies saddled investors with losses from collapsing share prices and $2.7 billion in bond defaults.
Builders are dominating the new issuance market, with Corpovael and Servicios Corporativos Javer selling shares since early December and a third company seeking to raise money later this year.
They’re among the competitors that rushed to fill the gap left by the largest three builders, which were forced to downsize following their failures in 2013.
Pent-up demand for new homes hasn’t gone away since housing policy changes by President Enrique Pena Nieto helped lead to the collapse of Urbi Desarrollos Urbanos, Desarrolladora Homex and Corp. Geo.
While Homex and Geo resumed trading last quarter following restructurings and Urbi moves to conclude a deal, it’s the smaller companies that are driving a resurgence in an industry that until recently was given up for dead by foreign investors.
“It’s a good sign that it would seem the sector is coming back to life,” said Jorge Unda, who oversees about $35 billion as chief Latin America investment officer at for BBVA in Mexico City. “The companies that were able to stay in have been more cautious.”
Reuters – Mexico’s health ministry on Wednesday sought to play down any impact on its tourism industry from the mosquito-borne Zika virus, emphasizing the disease was under control and far from its main tourist centers.
Africa News – Mexican authorities have confirmed 37 cases of Zika virus infection in seven of the country’s 32 states. 34 people were infected locally while three others were infected abroad. 24 of the confirmed cases were in the southern state of Chiapas with the rest in Oaxaca, Nuevo Leon, Tamaulipas, Jalisco, Sinaloa and Queretaro.
CNN – The picture of a 7-month-old baby lying dead on a sidewalk between his parents has caused fury in Mexico. The picture shows the family of three moments after they were shot to death outside a convenience store in the city of Pinotepa Nacional in Oaxaca state.
NYT – Humberto Moreira, a Mexican former governor who spent a week in a Spanish jail on suspicion of money laundering last month, flew back to Mexico on Wednesday. After Moreira was detained in Madrid on Jan. 15, the case against him crumbled.
Metro – Edgar Misael Garza Murillo, known for standing outside a cathedral saying ‘Si no me das un peso, te doy un beso’ (‘If you don’t give me money, I’ll give you a kiss,’) was in the centre of Culiacán, when a car came up beside him and pulled him inside. He was later shot multiple times in the middle of the street.
TeleSur – The National Electoral Institute, Mexico’s electoral authority, will start to issue voter identification cards to Mexican living outside the country in order to facilitate voting for the 2018 election.
The Guardian – A United Nations panel has ruled that Mexico’s 2013 arrest and continuing detention of community police leader Nestora Salgado was illegal, raising hopes among her supporters she could be freed.
Latin Correspondent – A Youtube video showing police fleeing from a crime scene in Sinaloa has gone viral in Mexico. The police can be seen fleeing from an armed group, who later went on to murder a young man, 27-year-old Elías Constantino.
Jane’s – The new Mexican presidential aircraft, a Boeing 787-8 Dreamliner, landed at Mexico City International Airport where aircrews and ground maintenance teams will finalize training before the aircraft can start operating as presidential transport.