“Fobaproa Will Never Finish Paying”: Sheinbaum Advances SHCP Report
9 Articles
9 Articles
Claudia Sheinbaum confirms that the Fobaproa will not be paid out in 2050 as announced.
The President mentioned that the Secretary of Finance will clearly explain how FOBAPROA was made and how it is a debt that is practically unpayable
La Jornada
La Jornada Baja CaliforniaThe interest and administrative expenses of the “unpayable” debt of the bank bailout of the 1990s reached 2 trillion 181 thousand 485,6 million pesos in July 2026, according to the data of the Ministry of Finance and Public Credit updated based on inflation. However, more than a billion pesos still remain to be settled, exhibit the reports of the dependence.
President Claudia Sheinbaum said that the debt derived from the bank bailout of the 1990s is “practically unpayable” for Mexicans and announced that her government will dedicate a morning conference to explain how it originated, how it evolved and what its current situation is. During the morning of September 7, [...] The post Sheinbaum warns that the debt of the Fobaproa will hardly end up being paid first appeared on Serpientes and Escaleras.
The promise that the Fobaproa would finish paying in 2050 is false, since it is an unpayable debt because nothing goes to capital, said the President of Mexico, Claudia Sheinbaum.In the next few days the Secretariat of Finance will present the study of this scheme, and why the government will ...
THE HERALDE OF MEXICO The debt of the Bank Fund for the Protection of Savings (FOBAPROA) is unpayable for Mexicans, acknowledged President Claudia Sheinbaum Pardo. From Palacio Nacional, the president informed that they will dedicate a morning to the explanation of this contingency fund created in 1990. “In a special morning we will talk ... The post Fobaproa is an unpayable debt for Mexicans, says Sheinbaum: “It will never finish paying” first …
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