Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexico Allocates Funds For Its Poorest Cities

The Mexican government allocated 1.5 billion pesos (about $102.5 million) to support marginal municipalities in the poor southern states of Chiapas, Guerrero and Oaxaca, the Finance and Public Credit Secretariat announced Monday.

In all, some 508 municipalities will benefit under the plan, the deadline for requesting funds from which is March 15, the institution said in a communique.

The terms and requirements to gain access to the resources contained in the Infrastructure and Productivity Support Fund, or FAIP, will be published by the secretariat in the country's Official Gazette in the coming days.

The secretariat said that . . .

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