The Wal-Mart Foundation, the Wal-Mart Mexico Foundation and the United Nations Development Program (UNDP) granted USD$1.2 million for relief programs to boost the local economies of the rural and suburban regions of Chiapas and Tabasco.

The Wal-Mart Foundation and the Wal-Mart Mexico Foundation granted $300 thousand dollars each, while the PNUD made a matching grant. The grant is likely to increase as other companies and organization join the initiative.
The programs will be executed jointly with World Vision Mexico.

“The Wal-Mart Mexico Foundation is thrilled to launch much-needed programs to boost economic recovery together with the UNDP and World Vision Mexico. This is the right time to find investment opportunities for small companies that may open job opportunities in the region. We want people affected by the floods to look into the future with optimism and confidence”, said Raul Arguelles, president for the Wal-Mart Mexico Foundation.