Mexico has become the first country to launch an official bid for the 2036 Olympics on Wednesday. 

The country's foreign minister, Marcelo Ebrard, said Mexico will announce a promotion committee on November 30 as the first step in the process, followed by assessments to determine the host cities.

"We see ourselves as a successful and ambitious country. We are the only country that will host three FIFA World Cups; we are a vigorous country with one of the best economies in the world," Ebrard told reporters. 

Ebrard also said the government would contribute only 10 percent of the total expenses, adding that Mexico already had the infrastructure for the event in response to concerns about financing for the Games.

Mexico City hosted the Olympics in 1968. 

"The Olympics should fit the cities, not the other way around, not build and then not use the facilities," he said. "We would have 15 years, enough time to organize it. If Mexico proposes something, it is to achieve it."

National Olympic Committee President Maria Jose Alcala said Mexico had been under consideration as a candidate since July when International Olympic Committee (IOC) President Thomas Bach sent a letter expressing his enthusiasm about a potential bid.

Interest in hosting the 2036 Olympics has been expressed by officials in countries including Egypt, the UK, India, Indonesia and Qatar.

(With input from agencies)