Mexico Pulls Out of Hosting 2017 World Swimming Championships as Oil Price Drops Agence France-Presse
go to original February 18, 2015

MEXICO CITY - Mexico withdrew from hosting the 2017 World Swimming Championships as part of a massive drive to cut public spending the Mexican government said Wednesday.

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 US$85 million.

"We have informed the international swimming federation (Fina) that Mexico will no longer host the world championships," said sports official Jesus Mena, a 46-year-old former Olympic diver who won a bronze in the 10m platform in 1988.

Mexico has already spent US$9.5 million on the event and will have to pay US$5 million more to Fina.

Read the rest at Straits Times

Photo: Clive Rose/Getty Images

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