César Cerini, president of the Agricultural Enabling Credit, highlighted that they have approximately 33,000 producers that were affected by climatic problems last year. He indicated that they will study each folder “case by case” to define the refinancing of the debts of all clients in critical situation.
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January 06, 2022 – 07:40
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Yesterday, the Economic Team reported on a series of contingency measures to assist the productive sector affected by the drought and the economic crisis caused by COVID-19. Among these measures, is the restructuring of debts of the Agricultural Credit for Habilitation and the president of the institution estimated today that they have about 33,000 clients who are agricultural producers who are in this situation.
Read More: Economic team announced measures to alleviate crisis in the productive sector
He assured that they will study “case by case” and visit the producers to estimate the impact they suffered and to be able to restructure their economic commitments. “We have 80 care centers throughout the country and we know that there are areas where no rain fell and areas where they did have that advantage, so they are assisted according to the situation in each area,” he considered.
Cerini admitted that these measures are going to impact “quite strongly” on the finances of the Agricultural Credit. “Because 90% of our portfolio is in the agricultural sector and we have a portfolio of G. 186,000 billion in that sector and we believe that approximately 50% will be affected,” he considered.
Although in principle he assured that they have “the cushion” necessary to face the refinancing because the institution is “relatively well”, then he mentioned that they stopped receiving G. 22,000 million for payment of salaries and now the CAH is completely self-financing. “The institution was doing quite well, but this is going to hit us a lot,” he finally admitted.
Read More: The drought evaporated more than US $ 1.3 billion of soy revenues
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