Mexico City is the Federal District (Distrito Federal), capital of Mexico and seat of the federal powers of the Mexican Union. It is a federal entity within Mexico which is not part of any one of the 31 Mexican states but belongs to the federation as a whole. Mexico City is the country’s largest city as well as its most important political, cultural, educational and financial center. As an “alpha” global city, Mexico City is one of the most important financial centers in North America.