Olympics: Mexico launches bid for Summer Games in 2036

Mexicohas launched an official bid for the 2036 Olympics, the country's foreign ministry and the national Olympic committee (COM) said in a joint statement on Wednesday. Foreign minister Marcelo Ebrard said they would announce a promotion committee on Nov. 30 as the first step of the process, followed by assessments to determine the host cities.

"We see ourselves as a successful and ambitious country. We are the only country that will host three FIFA World Cups, we are a vigorous country with one of the best economies in the world," Ebrard told reporters.

MexicoCity hosted the Olympics in 1968. COM president Maria Jose Alcala said thatMexicohad been under consideration as a candidate since July, when International Olympic Committee (IOC) president Thomas Bach sent a letter expressing his enthusiasm for a potential bid.

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Olympic athletics medallist Ana Gabriela Guevara, who is the director ofMexico's National Sports Commission, had earlier said it was economically unfeasible for the country to host the Olympics. In response, Ebrard said that the financing system for the Olympics had changed and the government would contribute only 10% of the total expenses, adding thatMexicoalready had the infrastructure for the event.

"We will initiate the studies requested by the IOC to take into account the changes that have taken place in the Olympic Games financing... there is no bond to be paid in the process," he said. "The Olympics should fit the cities, not the other way around, not build and then not use the facilities. "We would have 15 years, enough time to organise it. IfMexicoproposes something, it is to achieve it."