Supreme Decree No. 5178 of 2024: Allocation of BOB 16 Million for Agricultural Insurance for Bolivia's 2023–2024 Crop Season

Supreme Decree No. 5178, issued in Bolivia on June 27, 2024, authorizes the Ministry of Economy and Public Finance, through the General Treasury of the Nation (TGN), to allocate an additional BOB 16 million during fiscal year 2024 to the Agricultural Insurance Institute (INSA) for the payment of agricultural insurance premiums for the 2023-2024 crop season. The measure is grounded in Law No. 144 on the Community Agricultural Productive Revolution and seeks to protect agricultural production against adverse climatic events while supporting food security and sovereignty. The decree provides that INSA shall pay insurance indemnities through budget expenditure subitem 71630, Other Social Expenditures Established by Law, and adopt specific regulations governing this procedure. The Ministry of Rural Development and Lands is responsible for implementing and enforcing the decree. The measure does not establish the Pachamama Universal Agricultural Insurance scheme or the MINKA Agricultural Insurance scheme; rather, it authorizes additional resources for a specific crop season. The decree does not itself demonstrate that indemnities were actually disbursed or establish the number of producers who received compensation. For PAESA purposes, it is a directly relevant agrifood regulatory framework supporting the financing of agricultural production protection against climate-related risks.