Yucatán Business Council Questions 1.5 Billion Peso Credit, Demands Clarity on State Government's Spending

The business community in Yucatán is raising serious questions about a proposed 1.5 billion peso credit that the state government intends to secure. José Enrique Molina Casares, president of the CCE Yucatán, expressed that business leaders are unaware of the specific destination for these funds. "It's not clear to us whether it will be applied to infrastructure, water, the metropolitan ring road—what the applications would be, that's what we need to clarify," he stated, highlighting a significant lack of transparency.

While Governor Joaquín Díaz Mena had announced the credit as part of measures to address the critical water shortage affecting Mérida, the Secretary of Administration and Finance, Juan Sánchez Álvarez, clarified that the pre-approved credit by Congress is actually earmarked for port works and had not been utilized. This distinction has fueled further concern among businesses, particularly those affiliated with Canaco, who are already struggling with the direct impact of water cuts on their operations.

Molina Casares acknowledged that water shortages, compounded by electrical blackouts affecting pumping systems, create a domino effect of disruptions for the commerce and services sector. While open to the possibility that the credit could be justified if allocated to hydraulic infrastructure, he reiterated the urgent need for the state government to be transparent about its investment plan. The CCE and Canaco will closely monitor the financing details before forming a definitive stance, hoping for a swift clarification and improvement of the current situation.