Mexican Fobaproa funds referendum, 1998

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An unofficial referendum on use of Fobaproa funds was held in Mexico on 30 August 1998.[1] It was organised by the opposition Party of the Democratic Revolution (PRD), who proposed that only small- and medium-sized businesses would be compensated by the funds.[1] Slightly over 97% voted in favour of the PRD's proposal, and the Chamber of Deputies subsequently agreed to the change on 12 December by a vote of 325 to 159.[1]


Choice Votes %
Government proposal 26,488 0.89
PRD proposal 2,903,004 97.05
Other proposal 61,617 2.06
Invalid/blank votes 69,603
Total 3,060,712 100.00
Registered voters/turnout
Source: Direct Democracy


  1. ^ a b c Mexico, 30 August 1998: Use of Fobaproa funds Direct Democracy (German)