The mayor of Mexico City has announced she will step down at the end of the week to run for president and seek to become the country’s first female leader.

Mexico City Mayor Claudia Sheinbaum, a member of the leftist National Regeneration Movement (Morena) party, will step down on Friday to pursue the ruling party's candidacy for the 2024 presidential election and replace the popular current president, Andres Manuel Lopez Obrador.

Obrador cannot seek re-election because Mexican presidents are restricted by law to a single six-year term. Close aides to Lopez Obrador have said he would like Sheinbaum to succeed him. He denies having any favorite, according to Reuters. 

Morena agreed on Sunday to announce the winner of its internal selection process on Sept. 6. Sheinbaum is one of the two favorites.

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Claudia Sheinbaum at event

Mayor Claudia Sheinbaum during a news conference in Mexico City on Sunday, June 11, 2023. (Luis Antonio Rojas/Bloomberg via Getty Images)

Morena, lifted by Lopez Obrador's personal popularity, is heavily favored to win the June 2024 presidential election.

The 60-year-old Sheinbaum said during a press conference stepping down as mayor that she would continue Lopez Obrador's "transformation" of Mexico with her "own stamp."

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Mexican President Andres Lopez Obrador

President Andres Lopez Obrador stands at the National Palace during a ceremony in Mexico City (AP Photo/Marco Ugarte, File)

Most opinion polls have tended to give Sheinbaum a slight advantage in the race over her rival Marcelo Ebrard, who stood down as foreign minister earlier on Monday to compete.

Sheinbaum made history in 2018 by becoming both the first elected female and the first Jewish mayor of Mexico City, winning the election by eight points, Times of Israel reported

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Claudia Sheinbaum

Mayor Claudia Sheinbaum arrives to speak during an event in Mexico City on Wednesday. (Alejandro Cegarra/Bloomberg via Getty Images)

Sheinbaum has cited a poll published last month by the national statistics agency showing that over two-thirds of Mexicans strongly backed a woman holding the presidency.

"It's time for women," she said.