"We want a new transformation, and we should have a new Constitution. We think, however, that now there are no conditions for this. We cannot rule out a new Constitution, but this should be left for the future when we pass the baton to new generations so that they could convene a constituent assembly and draft a new Constitution", the president said in a speech broadcast on Periscope.
The president noted that over the past 102 years, the Constitution has seen 700-900 amendments.
Lopez Obrador added that his government would focus on promoting reform in three main areas — the fight against corruption, impunity, and defending democracy.
The statement comes amid a political crisis in Venezuela after the speaker of the National Assembly, Juan Guaido, proclaimed himself interim president in late January, contesting Venezuelan President Nicolas Maduro's re-election last year. The opposition leader was almost immediately recognised by the United States and several other countries.