Which controversial program did Zedillo implement to rescue the national banking system?
Fobaproa
NAFTA
IMF Bailout
World Bank Loan
Answer
Fobaproa (Banking Fund for the Protection of Savings) was a controversial program implemented by Ernesto Zedillo to rescue the national banking system during the Mexican Peso Crisis. It was criticized for its lack of transparency and the burden it placed on taxpayers.
Unveiling the Legacy of Ernesto Zedillo: The Mexican President's Impact from 1994-2000