President Luis Lacalle Pou He promised to define a solution for the problem in the next 48 hours. Medical Union of Uruguay Assistance Center (Casmu), with the aim of guaranteeing the continuity of the mutual society that requested loans that depend on the guarantee of the State.
After a meeting in Executive Tower with authorities from the ministries of Economics and Finance and Public Health, Lacalle Pou evaluated several scenarios and will take steps to make a decision this week.
This definition could imply approval for the institution to receive the trust or the intervention of Casmu, within the framework of measures aimed at “guaranteeing the continuity” of the mutual society.
It is worth remembering that the MSP asked Casmu to submit again and in a “more orderly” manner the document detailing its restructuring plan, a key requirement for giving or not giving the go-ahead to the trust of almost 60 million dollars.
Meanwhile, the Republic Bank (BROU) announced a loan of 1 billion pesos, approximately 25 million dollars, to the mutual fund, through which it aims to resolve its liquidity problems.
Casmu’s explanations on the financial situation
The president of Casmu, Raul Rodriguez, He assured that the cash flow allows the mutual fund to reach April 2025 in “good conditions” and highlighted the current management compared to the previous one, which “gave credit”, which is why he insisted that there was a “50 million pesos loss”.
Regarding the new trust, Rodriguez clarified that it is necessary “to access credits with other institutions and lower our financial costs,” despite the MSP’s critical view on the matter.
From the portfolio that leads Karina Rando They argued that “the healthcare risk arises from the Casmu board’s own approach”, referring to the fact that the mutual fund has “some overdue obligations”.
Source: Ambito
