Friday, June 15, 2012

Fonatur Short on Cash


Presiding at a ceremony declaring Loreto to be a “Pueblo Mágico,” Enrique Carillo, general director of Fonatur (the National Fund for Tourism Development), confessed that his agency is facing financial difficulties. Fonatur has financed numerous projects, starting with Cancun, but has not always been successful. Loreto, first capital of California (now two Mexican and one American state), is among its failures. Several other ventures have been mentioned in recent months, but little has happened.

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Jimm Budd
Reporting From Mexico City
Member of the Society of American Travel Writers

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