The BSE ended this month paying producers insurance for the losses caused by the weather phenomenon.
Following the worst drought of the century that the country had to live, the State Insurance Bank (BSE) had to pay a total of 92 million dollars to rural producers for the large losses caused by the climate phenomenon in the agricultural sector.
“We pay absolutely everything,” said the president at a press conference. President of the BSE, José Amorín Battle, by highlighting the “broad back” of the organism to face a drought that brought consequences on all fronts, but mainly affected the agro.
“We have 60% of the market. With the dry we would have preferred to have less, but there we were,” he expressed a little jokingly and a little seriously. Amorin Battle when announcing that this month they finished paying compensation to producers.
Looking ahead to next year, the president of the BSE has in mind expanding coverage and redesigning the sure. “Next year we will continue to be there. It is likely that we will increase the percentage of participation, because the bank has to ensure what is the base of the wealth of Uruguay”, express.
The economic impact of the drought is estimated at 2,000 million dollars
The drought made a strong impact on the agriculture, but it also made itself felt in the common life of the people from the water deficit which led to the water crisis. Taking these variables into account, the government estimated that the economic consequences would reach 2,000 million dollars.
A report from the Office of Programming and Agricultural Policy (Opypa) and the Ministry of Economy and Finance (MEF) revealed that direct losses in the field reach 1,809 million dollars. That represents “in historical terms, the largest losses recorded in the last three decades,” they specified from the portfolio led by lily arbeleche in the Accountability.
However, the losses can escalate up to 2,000 million dollars, as anticipated from the Executive. When going before the Budget Committee for the Rendering of Accounts, the Minister of Agriculture, Livestock and Fisheries, Fernando Mattos, He explained that his portfolio has invested at least 37 million dollars in policies to support producers.
Source: Ambito
