Mexico was then led by President Benito Juárez (1806-1872), after whom the Benito Jaurez Marg in New Delhi is named and where the Embassy of Mexico in India is located. As a result, in 1861, the then President Benito Juárez announced a temporary moratorium of two years on repaying Mexico’s foreign debts. The event marked a significant political victory of Mexican republicans and President Juárez, and helped establish a sense of national unity in the country. Click here to join our channel (@ieexplained) and stay updated with the latestPresent-day significance in Mexico and the United StatesIn Puebla, Cinco de Mayo is celebrated annually with speeches, parades, and by reenacting episodes of the 1862 battle. Later, Cinco de Mayo also became popular with other demographics in the country when the festivities were linked with Mexican alcoholic beverages.

Source: The Local May 05, 2020 02:57 UTC