The mayor of Tijuana, Montserrat Caballero Ramírez, was recognized by a total of 74 ambulatory and marketplace on wheels groups for having settled Tijuana's million-dollar debt, inherited by past administrations, which was blocking the growth of this city.

Through a public statement, merchants stated that the settlement of more than 2.290 billion pesos in public debt, obtained from obtaining four credits from three bank institutions since 2008, was a great feat.

Leaders highlighted that with this action, the Municipal Administration of Tijuana is saving more than 400 million pesos every year of the debt payment plus interests, resources which will be used to improve the city.

"We firmly believe that this good action to benefit Tijuana is a result of honest work and a solid administration by the municipal president. We value her dedication to improve the municipality's finances and promote a more prosperous environment," they stated.

Groups said that this public recognition represents more than 25,000 Tijuana native families, which belong to Tijuana's workforce and who with their work, social commitment, and renewal of municipal permits add growth to the municipality.

"We hope that this exemplary decision results in a continuity in the way to govern and that we continue to see a responsible and transparent administration that promotes the development of our city," the signers stated.

It should be noted that since the beginning of mayor Montserrat Caballero's administration, a historic renewal of permits to be an ambulatory or marketplace on wheel merchant has been registered. In addition, programs and aids to make entrepreneurship easier have been implemented with permits that provide legal certainty to the working class.

RELATED VIDEO: Montserrat Caballero is ready to take the Fourth Transformation to the next level