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Swimming: Mexico pulls out of hosting world event

Mexico’s public finances have been hit by a fall in the price of oil.

Afp February 19, 2015 Less than a minute read

“We have informed the International Swimming Federation (Fina) that Mexico will no longer host the World Championships,” said sports official Jesus Mena. PHOTO:STOCK IMAGE

MEXICO CITY:

Mexico withdrew from hosting the 2017 World Swimming Championships on Wednesday as part of a massive drive to cut public spending.

Mexico’s public finances have been hit by a fall in the price of oil, on which it counts for export revenue, and it is hoped that cancelling ‘Guadalajara 2017’ will save the country around $85million.

“We have informed the International Swimming Federation (Fina) that Mexico will no longer host the World Championships,” said sports official Jesus Mena. Mexico has already spent $9.5million on the event and will have to pay $5million more to Fina.

Published in The Express Tribune, February 20^th, 2015.

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