IDB loan for Uruguay to promote quality investments and exports

Saturday, November 29th 2014 - 07:11 UTC

Full article 2 comments

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. Read full article

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ChrisR
There are a few things stopping educated entrepreneurs coming to start up businesses in Uruguay:

1) the lazy nature of the “workers”;

2) the powerful unions who have the business owners by the throat;

3) after a few months of respite the full weight of the dead hand of government descends with a myriad of taxes that do nothing but put money into the government so it can waste that as well by giving it to the ‘poor’;

I, in my naivety before I actually came to reside here, thought I would start a small business myself just to ‘keep my hand in, so to say. That soon evaporated when I understood that small businesses HAVE to bend some local rules just to keep in business.

Not conducive to a worry free retirement, so that’s another ten jobs or so that never materialised.
Nov 29th, 2014 - 11:32 am - Link - Report abuse 0
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Bisley
This program, and others like it, are nothing but fraud and waste---a way for those in power to direct money to their supporters. If anyone was interested in promoting investment and trade, they would be reducing taxes and eliminating regulation. The people involved in trade and investment are looking for freedom of action and return on their investment, not government micromanagement of their business and excessive tax on their profits.
Nov 29th, 2014 - 11:00 pm - Link - Report abuse 0
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