La Diaria is financed with preferential loans from Banco República

The pamphlet of the Uruguayan far left, which defends Yamandú Orsi's government, continues to receive funding from the State, that is, from taxpayers who pay taxes, and from foreign foundations. 

Foreign funding

From La Derecha Diario, we have already reported that one of its essential sources of funding is the Avina Foundation, which, together with Omidyar Network and Avina Americas, created the Latin American Alliance for Civic Technology (ALTEC) in 2017, with a fund of 3.5 million dollars to "support civic technology projects in Latin America." 

The leftist rag has been receiving fresh money from this foreign foundation for years.

This foundation promotes the 2030 agenda, radical feminism, abortion, environmentalist fanaticism, and supports the communist narco dictatorships of Venezuela, Cuba, and Nicaragua.

Mujica and the 400,000 dollars

In 2013, during the presidency of Frente Amplio's José Mujica, it was granted "support" of 400,000dollars through FONDES.

FONDES is the Development Fund and was created by law. It serves to support supposed cooperative ventures.

Under José Mujica's administration, La Diaria received in 2013 400,000 dollars as "support," according to what Mujica himself stated in May 2013, as reported on the 27th of that month by the portal 180.com.uy.

The term "support" was used by the Tupamaro president himself in 2013.

Privileged loans

La Diaria uses privileged loans from BROU as part of its funding. The debt to BROU represents one third of its total debt, as they themselves acknowledge.

The specific details are not publicly available, but BROU granted consumer loans for MSMEs (Micro, Small, and Medium Enterprises), something unheard of and never seen before for a "media outlet."

These are privileged and highly accessible loans, with competitive rates, such as 0% interest for MSMEs under certain agreements.

BROU, as a state bank, plays a key role in Uruguay by supporting supposedly productive and cooperative projects.

La Diaria enjoys loans that other companies do not have.

These loans from Banco República are usually aligned with the bank's objectives of "promoting economic and social development," according to its Charter.

However, the Chavista rag offers no economic incentive for a bank to grant it a loan. 

In reality, the only "incentive" for granting an interest-free loan is exclusively political-partisan.

Between 2006, when the rag was founded, and 2020, the ruling Frente Amplio granted it economic facilities through loans using BROU.

Any commercial company must pay the corresponding interest; however, La Diaria enjoyed exclusive benefits, all due to political-partisan affinity with the Frente Amplio government of the time.

Confession of BROU funding

On March 20, 2024, the Chavista pamphlet itself acknowledged that it owes Banco República 33% of its total debt.

That is, one third of its debt is owed to the state bank. What they omit to say is that they enjoy privileged loans that are not available to just any company. 

Conditional funding

Why does BROU, a state bank, offer La Diaria this type of loan?

The answer is very simple: the bank's Board of Directors is made up of politicians. There are five members of the Uruguayan political caste.

Between 2005 and 2020, when Frente Amplio governed, most BROU directors were from Frente Amplio, with some members from the white and red opposition.

The majority of leftist directors granted the privileged loans. A state bank that is supposed to finance productive projects and companies used its resources to help the far-left pamphlet.

As can be easily seen, La Diaria has enjoyed the privileges of power.

During the first Frente Amplio governments, it benefited from highly advantageous loans that no commercial company can access.

It is more than obvious that this completely conditions its editorial line. They answer to Frente Amplio and its satellites, such as PIT-CNT, FUCVAM, or the organizations of relatives of "disappeared" persons.

Whoever pays, commands, and La Diaria is paid by Frente Amplio politicians.