Professional Documents
Culture Documents
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On Thursday, October 8, at dawn, during the Congressional session in Mexico, with the
votes tallied from the political parties Morena, Partido del Trabajo, Partido Verde and
Encuentro Social, the bill to extinguish 109 trusts in the Federal Expenditure Budget 2021
(PEF 2021) was approved by a majority. This was done in order to transfer to transfer the
direct management of 168,400 million pesos to the Ministry of Finance and Public Credit
(SHCP).
Some of the trusts that are disappearing are: the Fund for International Cooperation in
Science and Technology, the Technological Innovation Fund of the Ministry of Economy,
the Conacyt-Secretary of Energy Sector Fund, the Natural Disasters Fund, the Rural
Finance Fund, the Trust Fund for Investment and Stimulus to Cinema, the Sector Fund for
Innovation, and the Fund for High Performance Sports.
The next step from Congress will be to send the approved bill to the Senate for study,
analysis and discussion, so the fate of the trusts will remain uncertain, at least until the
initiative is discussed in the Senate.
Monica Lozano Serrano, Director of the Mexican Academy of Film Arts and Sciences and
Maria Novaro Peñaloza, Director of the Mexican Institute of Cinematography (IMCINE), in
an interview on October 8, 2020 on "Debate 22", a television program on the Federal
Government's official channel 22, commented that they had already held talks with SHCP,
the Ministry of Economy, and the film community regarding the possible elimination of
Fidecine. A budgetary program called Promotion of Mexican Cinema had already been
contemplated in terms of the possible attributions to IMCINE, with the initiative to reform
the Federal Law of Cinematography, and in this interview it was made known to the
general public that:
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1.The new budgetary program for subsidies will be subject to Operating Rules and citizen
councils that will evaluate the projects in all calls for proposals.
2.That support will be given annually, among others, to the production and post-
production of feature and short films; to exhibition spaces and the preservation of
audiovisual assets.
3.The support for Mexican cinema will be given directly through IMCINE, and there will be
eleven (11) annual calls grouped into three areas:
Eight (8) calls for production and post-production of feature films and short films
Two (2) calls for exhibition: spaces and projects for the formation of audiences and
the exhibition of Mexican cinema.
One (1) call to support the creation and preservation of film and audiovisual
archives.
4.IMCINE will continue to support script writing, story lines and project development,
training/production programs for filmmakers and indigenous and Afro-descendant
communities, short workshops and long-term community training projects, and the
promotion of Mexican cinema on the authority's platform and through its national and
international outreach programs, among other areas of support.
5.The operational capacities of IMCINE will be strengthened while providing greater
certainty about the budget allocated annually to support national cinema.
6.Likewise, a 10% guarantee for the release of national films in movie theaters was
discussed, in compliance with international treaties.
7.The implementation of coercive or stimulating systems by IMCINE so that there is
content of national production in platforms, restricted and open television, was also
discussed.
The resources used for the implementation of the Institutional Program will be charged to
IMCINE’s budget, authorized on an annual basis by Congress.
One of the most important effects of the present extinction of the trusts and the
institutional program is that now the SHCP will be the one to decide on the origin of the
resources related to the production and exhibition of films. Additionally, with the powers
that will be granted to IMCINE, it will have technical and managerial autonomy.
OLIVARES will continue to actively monitor the situation, and our Partner Luis C. Schmidt
and his team are available for any questions or advice that may be required.
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Uno de los más importantes efectos de la presente extinción a los fideicomisos y del
programa institucional es que ahora la SHCP será quien decida sobre el origen de los
recursos relacionados con la producción y exhibición de películas y además que con las
facultades que serán otorgadas a IMCINE este tendrá autonomía técnica y de gestión.
This newsletter is intended only as a general discussion of the addressed issues, and should not be
regarded as legal advice.
El presente newsletter tiene únicamente propósitos informativos y de discusión general, y no debe ser
considerado como una asesoría legal
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OLIVARES y Compañia S.C. | Pedro Luis Ogazon 17, Col. San Angel, CDMX, 01000 Mexico
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