Like any other country, we must show economic and fiscal discipline through a well-structured model that relies on infrastructure and security. This has been the main priority during the administration of President Peña Nieto and we are prioritizing the trade negotiations to make sure that all the treaties are accurate in reflecting the interests of our industries. We strive to broaden the number of companies we support and to provide them with the training and the additional services that we offer. This would help those that do not currently have enough access to fund their expansion projects. We are continuously working on our ability to support companies and to find ways to do this better. FIFOMI also helps finance projects related to Corporate Social Responsibility as when they are for a mining community located close to an active project, such as an infrastructure development.
Centralized mechanisms for fund distributions are very difficult to implement as it is hard to please everyone. We support these initiatives but we have seen that using them adequately is not an easy task. The funds need to be used in a very transparent manner and authorities need to make sure that they are investing in projects that support the wellbeing of communities. Peru, for instance, transfers 50 percent of the revenues it receives from the mining industry to surrounding communities but the government was not properly overseeing its use. This meant that municipal leaders were investing in the wrong type of projects and cases of corruption arose. These initiatives are meant to eliminate conflict between authorities and communities but they can sometimes end up causing more problems than they were meant to solve.