Contxto – In an effort to save the federal government some mullah, last Wednesday (10), Mexican Senator Ricardo Monreal proposed that three agencies be merged.

These institutions are: The Federal Commission for Economic Competition (Cofece), the Federal Telecommunications Agency (IFT), and the Commission on Energy Regulation (CRE).

With their powers combined, Monreal proposes the launch of a new agency dubbed the National Institute for Markets and Competition for Welfare (INMECOB).

What’s next for the IFT, Cofece, and CRE?

So Senator Monreal will have to convince other Mexican legislators—the majority of whom belong to his party—that his proposal is worth it. | To read full story, visit https://startuparound.com/read/1592048934.3723118/Senator-proposes-Mexico-scrap-IFT-and-Cofece-to-launch-super-regulator?ref=audio_experience