Economy

Tuesday, December 23rd 2025 - 11:43 UTC
Uruguay's Economy Minister worried by too much success

Uruguay's Economy Minister Gabriel Oddone announced Monday that his country's GDP was projected to expand by 2.3% this year. While the figure is slightly lower than initial government forecasts, Oddone emphasized that it represents more than double the average growth rate seen over the past decade.
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Tuesday, December 23rd 2025 - 11:39 UTC
Argentine Appellate Court orders Central Bank to disclose details of gold shipments abroad

The Buenos Aires Federal Administrative Court of Appeals has dealt a significant legal blow to the Central Bank of the Argentine Republic (BCRA), ordering it to release detailed information regarding the shipment of national gold reserves overseas.
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Friday, December 19th 2025 - 10:53 UTC
CAF okays US$980mn package for Uruguay

The Board of Directors of the Development Bank of Latin America and the Caribbean (CAF) has authorized a landmark US$980 million credit operation for Uruguay. This approval represents one of the largest single financial commitments in the organization's history with the country, targeting a massive overhaul of public infrastructure, climate resilience, and social integration.
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Friday, December 19th 2025 - 09:02 UTC
Argentine gas brings relief to electricity generation in Uruguay

Uruguay's state-owned electricity company UTE (technically the Administración Nacional de Usinas y Transmisiones Eléctricas) announced this week that importing gas from neighboring Argentina has resulted in savings of around US$3 million in the first seven days.
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Friday, December 19th 2025 - 08:47 UTC
Paraguay's guaraní is most stable currency in the region, Bloomberg finds

Paraguay's guaraní (PY₲) has been highlighted as the most stable and highest-performing currency in Latin America for 2025. In a report published this week by the specialized outlet Bloomberg Línea, the Paraguayan currency has appreciated over 17% against the US dollar this year, outperforming Mexican and Colombian pesos.
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Thursday, December 18th 2025 - 10:55 UTC
Lula issues ultimatum as Meloni and Macron stall EU-Mercosur FTA

Brazilian President Luiz Inácio Lula da Silva issued a sharp ultimatum to European leaders on Wednesday, declaring that if the long-awaited EU-Mercosur Free Trade Agreement (FTA) is not signed this Saturday, he will abandon negotiations for the remainder of his presidency.
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Thursday, December 18th 2025 - 08:11 UTC
Bolivian President ends fuel subsidies, raises minimum wage

Bolivian President Rodrigo Paz Pereira has announced a drastic economic overhaul, declaring a state of “economic, financial, energetic, and social emergency,” which includes ending fuel subsidies that have been in place for over 20 years and implementing a significant increase in the minimum wage to offset the resulting inflation.
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Wednesday, December 17th 2025 - 14:04 UTC
Chile's Central Bank cuts interest rate to 4.5%

Chile's Central Bank Council voted unanimously on Tuesday to lower the Monetary Policy Rate (TPM) to 4.5% in response to a faster-than-anticipated decline in inflation and a stabilizing global economic outlook after holding rates at 4.75% during its previous session.
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Wednesday, December 17th 2025 - 07:22 UTC
Díaz-Granados reelected for second term at helm of CAF

Colombian lawyer Sergio Díaz-Granados was re-elected on Tuesday as the Development Bank of Latin America and the Caribbean's (CAF) Executive President for a second, consecutive five-year term after getting the nod from the entity's Board of Directors.
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Tuesday, December 16th 2025 - 09:59 UTC
Argentina's Central Bank to loosen up leash on US dollar

Argentina's Central Bank (BCRA) announced Monday a twitch to its foreign exchange policy, which was welcomed by the International Monetary Fund (IMF). The new strategy seeks to further boost reserves and will become effective in January 2026.
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