Complex sentence: The PRI is a centrist party member of the Socialist International, however, the PRI is not considered a socialist party in the traditional sense, its modern policies of neo-liberalism and privatization has been characterized as centrist or even as liberal.
Split into simpler sentences: The PRI is a centrist party member of the Socialist International. However, the PRI is not considered a socialist party in the traditional sense; its modern policies of neo-liberalism and privatization have been characterized as centrist or even as liberal.