Tag Archives: fideicomisos

Mexican Army Bags ‘Discretionary Funds’ Worth 113 Billion Pesos

By MARK LORENZANA According to documents leaked by hacktivist group Guacamaya, the federal government of Mexican President Andrés Manuel López Obrador (AMLO) and the Armed Forces have at their disposal a “discretionary bag” worth 113 billion pesos from a trust fund of Mexico’s National Customs Agency (ANAM). Despite the promise of López Obrador to extinguish trust funds or “fideicomisos” under his

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AMLO Government Creates New 25 Billion-Peso Trust Funds

By MARK LORENZANA The Mexican government has just created three new trust funds, or “fideicomisos,” despite a decree by President Andrés Manuel López Obrador in March of 2020 ordering the “extinction” of 109 trust funds to combat corruption. The beneficiaries of the three new discretionary trust funds created by the executive branch — without going through Congress — are the

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El Universal Offers Mexican State of the Nation Review

By THE PULSE NEWS MEXICO STAFF In a scathing review of the Mexican president’s first two years in office, the highly acclaimed El Universal daily newspaper this weekend offered a point-by-point breakdown of some of Andrés Manuel López Obrador’s (AMLO) most prominent failures, on the eve of his second State of the Nation Address, slated for Tuesday, Dec. 1. AMLO,

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Mexican Governors Threaten AMLO With Legal, Political Battles

By KYLIE MADRY  Mexican President Andrés Manuel López Obrador (AMLO) has long been disliked by members of the opposition parties, who formed the country’s ruling class until AMLO and his National Regeneration Movement (Morena) took power. That distaste is turning into open revolt, as the president faces threats from the rightwing National Anti-AMLO Front (Frena), the newly formed Sí por

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AMLO Declares War on Outsourcing

By KYLIE MADRY Mexican President Andrés Manuel López Obrador (AMLO) once again sparked controversy, this time declaring his intention to ban outsourcing in Mexico during his morning press conference on Tuesday, Oct. 27. This is AMLO’s latest target in his war on corruption, with the president saying that outsourcing only allows businesses to skirt tax laws and avoid paying employees

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Mexico News Roundup

By RICARDO CASTILLO Covid-19 Protection Arriving Mexico received the first plane load of medical materials from China on Wednesday, April 8, to supply its hospital personnel nationwide of much-needed protection while caring for patients infected with Covid-19. Foreign Relations Secretary Marcelo Ebrard said that Mexico paid $56.481 million to acquire 180,000 pairs of globes, 16,174,000 surgery masks and 11.5 million

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Mexico News Roundup

By RICARDO CASTILLO Mexican Beaches Closed for Easter Mexican marines and municipal police have full control of Acapulco beaches to impede tourists from doing what they do best every Easter weekend: Enjoy their vacations. Guerrero Governor Hector Astudillo held a press conference on Tuesday, April 7, to “acknowledge the efforts being made by the persons participating in actions to keep

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