Sheinbaum and Fobaproa: "It is not feasible to stop paying" the inherited debt, but they denounce corruption at its source.

In statements seeking to balance fiscal responsibility with historical criticism, President Claudia Sheinbaum has made it clear that the current administration will continue to meet its financial commitments.

derived from the Banking Fund for Savings Protection ( Fobaproa ). This

mechanism, created in 1990 and implemented as a massive bank bailout in 1995 during the government of Ernesto Zedillo, turned private debts into a

heavy public burden.

"It is unfeasible to stop paying the bonds corresponding to that debt due to the strong implications that a decision like that would have for the economy," admitted Sheinbaum, stressing that the payments will be extended until 2050. This position recognizes an unavoidable fiscal obligation to maintain the

financial stability of the country.

However, the president did not spare criticism of the conception and execution of Fobaproa. Citing reports from the Superior Audit Office of the Federation (ASF), she denounced that the rescue was carried out "without defining rules of

operation, which opened the door to discretion and corruption."

"The problem isn't just that the bank bailout, which turned private debt into debt belonging to all Mexicans, but that the criteria for paying whom—the Audit Office says—didn't even have operating rules; it was completely discretionary. What were they paying whom? How?"

"How much? Based on what? It was absolutely discretionary, and there was enormous corruption," Sheinbaum emphasized.

This strategic communication allows the current government to fulfill an inherited debt, while reinforcing a narrative of past administrations marked by opacity and favoritism, a discourse that resonates with the bases of its political movement, historically critical of policies.

neoliberals from which Fobaproa emerged.

• Long-Term Fiscal Restriction: The payment commitment until 2050 represents a considerable limitation for public finances, affecting the investment capacity in other priority areas for the current administration and the

  future.

• Strengthening the Anti-Corruption Fight: By highlighting Fobaproa as an emblematic example of past misconduct, the government's anti-corruption platform is being strengthened, influencing public perception.

  on historical economic management.

• Message to Financial Transparency: Although no direct accusations are directed at current institutions, the constant reminder of the Fobaproa scandal could exert indirect pressure on the financial sector and its regulators to maintain high standards of transparency and avoid errors of the

  past.

The debate on Fobaproa, far from dying out, remains a sensitive issue on Mexico's political and economic agenda, a reminder of decisions

financial institutions that have marked the country's destiny for decades.

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