Monday, December 11, 2023

Fonden is pure publicity and corruption

The President Andrés Manuel López Obrador stated that the Trust in Natural Disaster Fund (Fonden) This is “pure publicity” and “corruption,” which justifies its absence.

“This office will disappear because of the racket, for corruption, but not the funds, not the money, on the contrary the money is protected and the corrupt are sidelined,” he declared this Thursday during his press conference in the morning of National Palace.

The president criticized that when events occur in Mexico, such as hurricanes and typhoons, he wonders about the disappearance of Fonden.

“They have not started actions, we are raising trees, we are looking for missing people and it is already in this political attitude that it is said but there is no Fonden,” he said.

“We have said it many times: Fonden is like a petty cash – or too much, not too little – for corrupt politicians, which does not reach those affected, it is a publicity,” he argued.

AMLO ensured that the trust was used to “distribute the loot in case of disaster.”

“It was proven that they stole the money, so we lost this office for the transfer,” he said.

Likewise, he assured that his government has a budget to respond to the impact of events in Mexico.

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Fonden was created in 1999 as a mechanism to support the rehabilitation of infrastructure affected by disasters. This funding expires in 2021.

Due to criticism of the impact caused by Hurricane Otis in Guerrero, the Undersecretary of Finance and Public Credit, Gabriel Yorioassured that Mexico has 18 billion pesos to respond to natural disasters.

He pointed out during an appearance in the Senate that this Fonden has not been extinguished, but that it has concentrated in the Mexican government the resources that were previously managed by National Bank of Public Works and Services (Banobras) and the municipalities.

World Nation News Desk
World Nation News Desk
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