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MercoPress, en Español

Montevideo, April 29th 2026 - 00:11 UTC

Economy

  • Friday, December 19th 2025 - 10:53 UTC

    CAF okays US$980mn package for Uruguay

    The package aligns with CAF's evolution into a “green bank” for the region, Díaz-Granados explained

    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.

  • Friday, December 19th 2025 - 09:02 UTC

    Argentine gas brings relief to electricity generation in Uruguay

    The activation of this supply line ends a 20-year period during which Uruguay paid maintenance costs for a largely idle pipeline infrastructure

    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.

  • Friday, December 19th 2025 - 08:47 UTC

    Paraguay's guaraní is most stable currency in the region, Bloomberg finds

    Economy Minister Carlos Fernández Valdovinos highlighted his country's macroeconomic strength

    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.

  • Thursday, December 18th 2025 - 10:55 UTC

    Lula issues ultimatum as Meloni and Macron stall EU-Mercosur FTA

    Brazil will no longer move a finger as long as Lula is president if the FTA is not signed by Saturday

    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.

  • Thursday, December 18th 2025 - 08:11 UTC

    Bolivian President ends fuel subsidies, raises minimum wage

    Paz has blamed the previous administrations of Evo Morales and Luis Arce Catacora for “20 years of looting and waste”

    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.

  • Wednesday, December 17th 2025 - 14:04 UTC

    Chile's Central Bank cuts interest rate to 4.5%

    Domestic and foreign factors influenced the Central Bank's decision

    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.

  • Wednesday, December 17th 2025 - 07:22 UTC

    Díaz-Granados reelected for second term at helm of CAF

    Díaz-Granados' re-election solidified CAF’s position as the multilateral bank with the greatest geographic presence in the region

    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.

  • Tuesday, December 16th 2025 - 09:59 UTC

    Argentina's Central Bank to loosen up leash on US dollar

    The BCRA is attempting to get back on track with IMF targets

    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.

  • Saturday, December 13th 2025 - 08:50 UTC

    Paraguay's economy projected to grow this year above expectations

    Paraguay's economy “is growing due to non-traditional sectors,” Carvallo said

    Paraguay's Central Bank (BCP) significantly revised its economic forecast this week, estimating that the country's Gross Domestic Product (GDP) will expand by 6% by the end of 2025, a sharp increase from the initial 3.8% projection.

  • Thursday, December 11th 2025 - 22:22 UTC

    Argentina's inflation reaches 2.5% in November

    Food outpaced overall inflation last month

    Argentina's Consumer Price Index (CPI) accelerated in November, reaching 2.5% for the month, according to data released on Thursday by the National Institute of Statistics and Censuses (Indec).