High inflation, relatively weak economic growth and an exhausted growth model are forecasted for Uruguayan president-elect Tabare Vazquez second administration as of next March, according to the latest report from two Capital Economics analysts.
Secretary of State John Kerry congratulated on Monday Uruguayan president-elect Tabare Vazquez on his Sunday victory, and said that the US looks forward to working with the new administration and to continue advancing with the vibrant relationship we have had under the leadership of President Jose Mujica.
People have decided and opted for the ticket Tabare Vazquez-Raul Sendic and results must be complied, respected and defended, were Luis Lacalle Pou's first words admitting defeat on Sunday evening to Uruguay's next president Vazquez.
Buenos Aires province governor Daniel Scioli who on Sunday travelled to Montevideo to congratulate elected president Tabare Vazquez, unknowingly was the first person to officially confirm the victory of Uruguay's next leader a few minutes after voting booths were closed.
An hour after voting booths were closed on Sunday, and when exit polls confirmed former Uruguayan president Tabare Vazquez had been elected by a wide margin as the next leader of the country, Luis Lacalle Pou rang the winner to congratulate him and wish him the best for the country.
On Sunday Uruguayan voters will confirm in a runoff the country's next president, which according to all forecasts will be Tabare Vazquez. An oncologist by training, former president (2005/2009) and former mayor of the City of Montevideo, Vazquez and the Broad Front coalition was just less than three percentage points short of the needed 50% in the first round on October 26.
The Inter-American Development Bank (IDB) has approved a 120 million dollars loan to finance the second phase of Uruguay's Strategic International Positioning Program. Its goal is to consolidate the country's international positioning, contributing to an increase in investments—mainly those aimed at high value-added sectors— and exports.
Uruguayan president Jose Mujica who next Monday begins the last three months of his five-year mandate enjoys a 65% public opinion support according to the latest poll from Mori released this week. Negative opinion only represents 17% while 18% did not say whether they approved or disapproved of the popular leader’s performance.
Uruguay’s Foreign Minister Luis Almagro highlighted that Mercosur is the “main buyer” of Uruguayan exports and strongly defended the country's presence in the regional group, a controversial issue since much of the country's political system and most of the business community want a more dynamic, open trade block.
Mexico and Uruguay declared on Monday an end to a brief diplomatic spat over the Uruguayan president's description of Mexico as a kind of failed state. Mexico's government protested the remarks by Uruguayan President Jose Mujica over the weekend and said it would summon the country's ambassador for an explanation.