Fondo Mexicano del Petróleo para la Estabilización y el Desarrollo (FMPED) was created in 2013 as part of Mexico’s energy reform. It is a public trust administered by Banco de México (Central Bank) and it is managed along with the Fondo de Estabilización de los Ingresos Presupuestarios (FEIP), which is the Stabilization Fund. FEIP and FMPED play a similar role to ESSF and PRF in Chile, where the wealth surplus is split into two different pools with different objectives (stabilization vs savings) and asset allocations.