Quintana Roo Fund Shut Down by State

Cancún, Mexico — The state government has officially extinguished the Quintana Roo Fund, which was created in 2005 to manage surplus or available resources from state dependencies, decentralized organizations, state majority-owned companies, and trusts constituted by the state administration.

The objective of this fund was to place these resources into investment or financial return instruments, subsequently channeling the profits into programs or objectives as directed by the head of the state executive branch.

According to the extinction decree published in the Official Gazette, "Although that fund responded to the institutional and economic conditions of its time, its operational scheme is based on intermediation with stockbrokers for the formation of investment portfolios, which has now become outdated compared to the current financial mechanisms and platforms available. These allow for direct operations with investment instruments, eliminating unnecessary intermediaries and substantially reducing costs for asset management commissions."

In practical terms, the resources of the now-defunct Quintana Roo Fund will be transferred to a bank account of the State Government. Additionally, the stock intermediation contracts have been canceled and the bank accounts have been closed. The decree does not specify the amount of resources the fund had available at the time of its extinction.

This measure ensures the avoidance of duplications in the management of the state government's surplus resources. As of the decree's effective date on November 6, 2025, all resources, operations, and even pending procedures are transferred to the name of the Secretariat of Finance and Planning of the State Government.

The decree further states, "In the event that, upon the financial and accounting closure of the Quintana Roo Fund, irregularities are detected, proceedings shall be initiated in accordance with the provisions of the Law of Administrative Responsibilities of the State of Quintana Roo and its Municipalities and other applicable legislation."