Wednesday, November 20, 2024

Irregularities detected in spending of 3 billion pesos in disaster relief

The spending of over 3 billion pesos (US $159 million at the time) from the national disaster relief fund Fonden in 2017 was administered imprecisely, lacked transparency and suffered irregularities, according to an internal report by the Secretariat of the Interior.

The analysis looked at 10 disaster declarations in which funds were granted to rebuild roads, water, marine, tourism and education infrastructure.

Seven of the declarations were issued in the states of Veracruz and Oaxaca in the aftermath of a hurricane and a series of earthquakes. The OIC also found “imprecise follow-up and supervision of activities related to the allocation [of funding]” because the governments of both states failed to follow new rules.

Before that update, Fonden regulations established that the federal and state governments each contributed 50% of the funding required to rebuild damaged public infrastructure.

The new rule dictates that the Fonden Technical Council must approve the percentage of federal contributions to the disaster relief fund.

The OIC probe found that all 32 states failed to follow the new procedure.

Source: Milenio (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
Ismael "El Mayo" Zambada mugshot

At G20 summit, Sheinbaum asks Biden for info on Ismael Zambada’s arrest

1
During their meeting at the G20 summit, President Sheinbaum pressed her U.S. counterpart for further details regarding the Sinaloa Cartel leader's U.S. arrest in July.
Mexico's President Claudia Sheinbaum sitting in a commercial flight looking at an e-reader as she heads from Mexico to the 2024 G20 Leaders' Summit

Sheinbaum flew commercial to the G20. What did other world leaders do?

5
In light of President Sheinbaum's commercial flight to Rio, we look at how her fellow world leaders got to the G20 summit this year.
Male owner of Mexican company Yumari holding an oversized model of a bank check made out to the company for 100,000 US dollars standing next to a woman from the company Encapsulat holding up a check made out to Encapsulat for US $75,000. The pair are flanked at either end by two Saudi officials in traditional headdress and golden robes.

Mexican startup wins a top prize in 2024 Entrepreneurship World Cup

0
The Mexican company Yumari won the top prize in the Early Stage category for its platform linking Mexican suppliers to foreign manufacturers.