10 universities in Mexico on verge of financial collapse

Ten of Mexico’s public universities are on the brink of collapse, staff and government officials have warned, a situation that can only be resolved with emergency funding of MXN4 billion (US$210 million), reports El Universal.

The institution at most imminent risk is the Autonomous University of Morelos, which could very soon collapse financially. Rectors at San Nicolás de Hidalgo, Michoacán, and Tabasco have warned that their institutions could follow suit “in a matter of days”. By November, the universities will be falling like dominoes: the universities of Zacatecas, Nayarit and Sinaloa will find themselves in a similar situation, said Antonio Guzmán Fernández, rector of the Zacatecas Autonomous University, and Zacatecas congressman Alfredo Femat Bañuelos.

The MXN4 billion required to stave off the financial collapse can only be allocated by the federal finance secretariat whose chief, José Antonio González Anaya, had been summoned by a congressional committee to discuss the situation.
Full report on the Mexico News Daily site