Uruguay’s inflation in 2009 was on target, 5.9%, but nevertheless it was the highest in Latinamerica behind Venezuela, Jamaica and Argentina, according to data from Uruguay’s central bank. Overall the global slowdown impacted on the region with lower inflation rates.
Uruguayan president elect Jose Mujica travelled Tuesday to Buenos Aires to hold a meeting with her Argentine peer Cristina Fernandez de Kirchner and other officials, confirming his promise that “we need a healthy and strong relation with Argentina”.
By David P. Michaels on location in Uruguay (*)
International celebrities visiting the Latin American “jet-set” resort of Punta del Este in Uruguay come and go with the fashions. However one of the permanent attractions of the Punta del Este season is the “must see” International Jazz Festival.
Mr. Oppenheimer is an Argentine born columnist from The Miami Herald who writes regularly about Latinamerican affairs. His opinions and comments, well supported with data and quotes, are taken into account by corporations and businesses with interests in the region.
One of his latest contributions refers to Uruguay and its recently elected president, a former left wing guerrilla leader. The heading is not necessarily that informative since Uruguay already belongs to the group identified as “responsible left”.
The constitutional showdown in Argentina triggered by President Cristina Fernandez de Kirchner attempt to fire Central Bank president Martin Redrado will benefit Uruguay that is poised to receive more investments from Argentine businessmen, according to Uruguayan financial sources quoted in the local media.
Uruguayan Foreign Affairs minister Pedro Vaz confirmed Friday that the embassy in Buenos Aires suffered several attacks, burglaries and threats during the last five year period and did not discard it could possibly be linked to the dispute with Argentina over the construction of a pulp mill on a shared border river.
The Argentine government accepted on Wednesday the resignation of its ambassador in Uruguay, Hernan Patiño Meyer who has been involved in a political controversy following comments praising Uruguayan president-elect Jose Mujica.
Uruguayan exports dropped 8.71% and imports 17.62% during 2009 in line with the overall global contraction. Only five of Uruguay’s main trade partners received more exports and only five of the country’s main export products showed an increase in US dollar value sales.
China thanked Uruguay for its staunch and sustained support in crucial issues such as the one-China policy and Tibet. Wu Bangguo, chairman of the Standing Committee of the National People’s Congress and Uruguay’s Lower House president Roque Arregui, currently visiting China, met earlier this week in Beijing.
Argentina is a nation that prides itself on having more cattle than people but because of erred policies may soon be forced to import beef to keep its meat-loving citizens happy at the dinner table.