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1998 Mexican Fobaproa funds referendum

1998 Mexican Fobaproa funds referendum

30 August 1998
Results
Choice Votes % Government proposal 26,488 0.89% PRD proposal 2,903,004 97.05% Other proposals 61,617 2.06% Valid votes 2,991,109 97.73% Invalid or blank votes 69,603 2.27% Total votes 3,060,712 100.00%

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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]