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16 Feb 2023 | 08:09 PM UTC

Mexico: Activists protest in downtown Mexico City Feb. 16 to demand restructuring of FOVISSSTE mortgage loans

Activists protest in Mexico City, Mexico, Feb. 16 to demand restructuring of FOVISSSTE mortgage loans. Traffic disruptions reported.

Warning

Event

Activists from the National Movement of People Affected by FOVISSSTE Loans (Movimiento Nacional de Afectados con Creditos del FOVISSSTE) have gathered in downtown Mexico City to stage a protest Feb. 16. The purpose of the action is to demand the restructuring of mortgage loans issued by the Housing Fund of the Institute for Social Security and Services for State Workers (Fondo de la Vivienda del Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado, FOVISSSTE). Participants have reportedly blocked traffic at the intersection of Avenida Jose Maria Pino Suarez and Calle Jose Maria Izazaga, causing transport disruptions in the surrounding area.

Although the action has remained largely peaceful, authorities will almost certainly deploy an increased police presence nearby as a precaution. Clashes between protesters and security forces cannot be ruled out, especially if authorities attempt to forcibly disperse crowds. Localized business disruptions are likely.

Advice

Avoid the demonstration as a precaution. If violence occurs, immediately leave the area and seek shelter in a safe, nongovernmental building. Seek alternative routes to circumvent related transport disruptions and allow additional time to reach destinations. Do not attempt to navigate around any roadblocks set up by protesters; allow police to dismantle them before proceeding. Heed the instructions of security personnel.