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Montevideo, October 28th 2025 - 14:37 UTC

Economy

  • Saturday, September 27th 2025 - 10:46 UTC

    Paraguay's economy grows 5.9% in first semester of 2025

    Agriculture was the only major sector to yield negative overall results

    According to the Central Bank of Paraguay's (BCP) “Quarterly National Accounts” report released on Friday in Asunción, the South American country's quarterly Gross Domestic Product (GDP) grew significantly, resulting in 5.9% year-on-year growth in the first semester of 2025, following positive outcomes in most sectors.

  • Wednesday, September 24th 2025 - 10:45 UTC

    Trump highlights “excellent chemistry” with Lula

    It is yet to be decided whether next week's talks will be face-to-face or by telephone

    US President Donald Trump said on Tuesday that he had a good “chemistry” with his Brazilian counterpart, Luiz Inácio Lula da Silva, with whom he plans to hold talks next week. Trump described Lula as a “very nice man” after their brief meeting on the sidelines of the 80th United Nations General Assembly in New York.

  • Wednesday, September 24th 2025 - 10:35 UTC

    Additional financial help for Argentina announced

    Caputo thanked the World Bank for its efforts

    Following meetings in the United States, including the one between President Javier Milei and his US colleague Donald Trump, the South American country has secured significant financial support from international agencies.

  • Wednesday, September 24th 2025 - 09:33 UTC

    Trump expresses “full support” for Milei's Argentina

    “He has my full support for reelection,” Trump said about Milei

    US President Donald Trump publicly endorsed his Argentine colleague Javier Milei for the upcoming Oct. 26 midterm elections after a meeting in New York on the sidelines of the 80th United Nations General Assembly.

  • Wednesday, September 24th 2025 - 09:17 UTC

    Trump underscores Europe's failures on immigration and energy

    “The immigration and their suicidal energy ideas will be the death of Western Europe,” Trump warned

    US President Donald Trump stressed during his speech at the UN General Assembly on Tuesday that other countries' policies on immigration and energy were “destroying a large part of the free world” and causing nations to “go to hell.”

  • Monday, September 22nd 2025 - 23:19 UTC

    Argentine economic frenzy slows down after US support and gov't's measures

    Bessent assured Washington would bail out a key ally such as Argentina

    After securing US financial support and implementing a temporary reduction in agricultural export taxes, Argentina's financial markets saw a significant turnaround on Monday.

  • Monday, September 22nd 2025 - 10:34 UTC

    Milei postpones trip to US

    Milei needs a cash bailout from Washington and will also participate in the UN's General Assembly

    Argentine President Javier Milei and Economy Minister Luis Toto Caputo have postponed their departure to the United States from Sunday to Monday, it was announced in Buenos Aires. Hence, their meetings with International Monetary Fund (IMF) Managing Director Kristalina Georgieva and other engagements have been rescheduled accordingly.

  • Monday, September 22nd 2025 - 10:19 UTC

    Fitch praises Uruguay's economy, but points out some risks

    Fitch acknowledged Uruguay's strengths but warned about long-standing issues threatening its financial stability

    Fitch Ratings held Uruguay's grading as “BBB” with a “stable” outlook, but pointed out some risks the South American country should avert. In any case, Montevideo still qualified within the agency's “investment grade.”

  • Saturday, September 20th 2025 - 10:55 UTC

    Milei: bailout from Washington being negotiated

    The last time the US Treasury's Exchange Stabilization Funds were touched was in 1995 to bail Mexico out of the “Tequila Crisis”

    Argentine President Javier Milei confirmed on Friday that his government was in “very advanced” negotiations with the US for an emergency loan from the Treasury's Exchange Stabilization Fund. If secured, the bailout would be used to cover more than US$8.5 billion in debt maturities due in January and July of 2026.

  • Saturday, September 20th 2025 - 10:32 UTC

    IMF mission praises Uruguay's economy

    The IMF also suggested making “further efforts to put the debt-to-GDP ratio on a downward path”

    The International Monetary Fund (IMF) has completed its annual review of the Uruguayan economy, praising its resilience and stability.