Luy’s Lines
On the Campaign Trail
Read moreTag Archives: funds
National Guard Handed Billions of Pesos with No Accountability
By KELIN DILLON As Mexico’s National Guard (GN), created by Mexican President Andrés Manuel López Obrador (AMLO), has received a higher and higher budget every year since its inception — 922 million pesos in 2019, 4.82 billion pesos that was grew to 21.73 billion pesos in 2020, and 35.67 billion pesos in 2021 — many have raised concerned about the
Read moreAMLO Requests Transfer of IMF Funds to Treasury
By KELIN DILLON On the morning of Wednesday, Aug. 18, Mexican President Andrés Manuel López Obrador (AMLO) revealed he would formally request the Central Bank of Mexico (Banxico) to transfer the Special Drawing Rights (SDR) funds given by the International Monetary Fund (IMF) to Mexico’s treasury. The IMF Board of Governors previously approved the distribution of $650 billion worth in
Read more