Mexico’s week in review: A CIA bombshell, a credit warning and the World Cup countdown
The CIA story that has shadowed Mexican-U.S. relations since late April took a new turn this week. On Wednesday, CNN published a report alleging that the CIA had orchestrated the assassination of a cartel figure on Mexican soil — a claim Mexico’s government rejected in unequivocal terms , calling it false, unverified and based on anonymous sources. At her mañanera, Sheinbaum went further, suggesting the report was part of a coordinated media campaign targeting her government — at the same time that a separate report identified Mexico as a target in an alleged U.S.-backed influence operation aimed at destabilizing left-leaning Latin American governments. The week’s economic signals were mixed but consequential. S&P downgraded Mexico’s credit outlook from stable to negative and cut its 2026 growth forecast to just 1% — a blow that Finance Minister Edgar Amador quickly pushed back on, insisting Mexico is ready to grow and that the downgrade misreads the count...