Economy

• Thursday, March 31st 2022 - 10:25 UTC

  Uruguayan gov't announces new increase in price of fuel

  

  Uruguayan authorities Wednesday announced the price of fuel at pumps will go up as of Friday, April 1. President Luis Lacalle Pou confirmed that gasoline will go up UR$ 3 (US$ 0.07), from UR$ 74.88 (US$ 1.81) to UR$ 77.88 (US$ 1.88) and UR$ 5 (US$ 0.12) for diesel, from UR$ 53.99 (US$ 1.3) to UR$ 58.99 (US$ 1.49).

• Thursday, March 31st 2022 - 10:08 UTC

  Uruguayan Economy Minister “the best in the world”

  

  Uruguay's Minister of Economy and Finance Azucena Arbeleche has been singled out by the World Government Summit Organization (WGSO) for her “excellence in her performance in the public sector and leadership at the international level,” due to which she was recognized as the “best minister of state” in the world.

• Wednesday, March 30th 2022 - 09:51 UTC

  Uruguayan exporters concerned over waning currency exchange

  

  The Uruguayan Exporters Union (UEU) Tuesday expressed its concern through a statement in light of a waning exchange rate between the local peso and the US dollar, which has reached its nadir for the past two years, thus adding to the “uncertainty” and “volatility in international markets.”

• Tuesday, March 29th 2022 - 23:22 UTC

  IDB: Ukraine war should open windows for Brazil, Argentine and LatAm

  

  The Inter-American Development Bank (IDB) said Monday that Russia's invasion of Ukraine and the threat it poses to food security may be an opportunity for large Latin American exporters, such as Argentina and Brazil due to the disruption in the global supply chains.

• Tuesday, March 29th 2022 - 22:06 UTC

  Brazilian Labor Ministry announces employment on the rise in February

  

  Brazilian authorities Tuesday announced a surplus of 328,507 formal jobs during February of 2022, which was the second-best result for the month since 2010, according to the General Cadastre for Employed and Unemployed (Caged) released by the Ministry of Labor and Social Security.

• Tuesday, March 29th 2022 - 09:24 UTC

  Argentine Senators launch bid to tax assets abroad and pay off the IMF

  

  Argentina's ruling Frente de Todos (FdT) lawmakers Monday suggested a new tax on assets and money not declared to the local Treasury and kept abroad be levied in order to pay the country's debt with the International Monetary Fund (IMF).

• Tuesday, March 29th 2022 - 09:21 UTC

  Brazil still committed to joining OECD, Minister Guedes tells the group

  

  Brazil's Economy Minister Paulo Guedes Monday reaffirmed in Paris his country's commitments to the guidelines of the Organization for Economic Cooperation and Development (OECD).

• Monday, March 28th 2022 - 09:38 UTC

  British FM says Putin must withdraw from Ukraine for sanctions to be lifted

  

  British Foreign Secretary Liz Truss hinted a possible exit route for Russia might be considered if President Vladimir Putin fully withdraws his troops from Ukraine and pledges “not to launch new aggressions.”

• Monday, March 28th 2022 - 09:34 UTC

  EC activates mechanism to compensate the higher costs of fishing industry

  

  The European Commission activated a crisis mechanism to compensate for the rise in diesel prices, a situation linked to the war in Ukraine and that is having a significant impact on the European fisheries sector.

• Friday, March 25th 2022 - 16:09 UTC

  IMF Board unanimously approves Argentina deal

  

  The International Monetary Fund's board of directors Friday approved unanimously the latest US$ 45-billion program signed with Argentina, with which the South American country has avoided default.