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MercoPress, en Español

Montevideo, December 21st 2024 - 10:10 UTC

Tag: Azucena Arbeleche

  • Friday, October 11th 2024 - 10:45 UTC

    Montevideo's airport to undergo major technological improvement

    The new ILS system will be in use at Carrasco's 07/25 runway

    Montevideo's Carrasco International Airport is undergoing a US$ 20 million technological update that will allow instrument landings (ILS) with zero visibility, it was announced at the Uruguayan capital Thursday. Hence, flight delays are expected to be cut down, it was explained.

  • Thursday, July 11th 2024 - 21:40 UTC

    Uruguay faces persistent fiscal deficit: Levels match end of previous administration

    The Ministry of Economy, led by Azucena Arbeleche (right), has explained that the unexpected drop in inflation, which ended 2023 at 5.1%, impacted fiscal revenues, particularly VAT collection

    The fiscal deficit in Uruguay has reached levels comparable to those at the end of the previous leftist Frente Amplio's administration, posing a significant challenge to the current government a few months before the next elections. The latest data, adjusted for extraordinary factors such as the pandemic, indicates that the consolidated fiscal deficit stands at 4.4% of GDP, mirroring the 2019 figures.

  • Saturday, March 16th 2024 - 10:09 UTC

    Moody's improves Uruguay's ratings

    Sound institutions “reinforce political and social stability, attracting foreign investment,” Moody's argued

    Uruguay's strong institutions have earned the South American country an upgrade in Moody's rating from Baa2 to Baa1, it was reported Friday. The risk-gauging agency also changed the outlook to stable.

  • Thursday, September 14th 2023 - 10:09 UTC

    Peru to allocate green debt swap to tropical forest protection in Amazon

    It was Peru's third swap after similar deals in 2002 and 2008

    The Peruvian administration of President Dina Boluarte pledged to use the proceeds from a US$ 20 million debt swap with the United States for climate action in the Amazon to finance a tropical forest protection fund over the next 13 years, it was reported Wednesday in Lima. It is the third debt-for-nature swap between the two governments.

  • Sunday, August 27th 2023 - 00:22 UTC

    Uruguayan wages already at pre-pandemic levels, minister says

    Lacalle Pou presided over the traditional military parade but delivered no messages and did not speak with the press either

    Uruguay's Finance Minister Azucena Arbeleche Friday said her country's wages were competitive for workers and had already reached pre-pandemic levels and would hopefully continue to rise in the coming years.

  • Thursday, June 8th 2023 - 10:55 UTC

    Fitch upgrades Uruguay's rating

    Uruguay Economy Ministry Azucena Arbeleche

    Thanks to Uruguay's ”solid fiscal performance that allowed it to absorb the shock of the Covid-19 pandemic, added to the track record of compliance with the fiscal framework, which has improved its credibility, increased resilience to economic shocks and reduced the risk of a potential increase in the stock of public debt.

  • Thursday, April 27th 2023 - 10:27 UTC

    How well did Uruguay do with S&P's latest ratings?

    Arbeleche said there were four basic reasons for the new grading

    The credit rating agency Standard & Poor's Wednesday upgraded Uruguay BBB+, with a stable outlook, the highest level in the country's history, it was announced. This index reflects the level of risk involved in lending money to governments according to their economic conditions.

  • Wednesday, March 22nd 2023 - 10:11 UTC

    IDB loan for Uruguay to strengthen post-pandemic public policy and fiscal management

    IDB president Illan Goldfajn and Uruguay's Economy and Finance Minister Azucena Arbeleche sign the US$ 145 million loan agreement

    The Inter American Development Bank, IDB, president Illan Goldfajn and Uruguay's Economy and Finance Minister Azucena Arbeleche signed a US$ 145 million loan agreement for the Program to Strengthen Public Policy and Fiscal Management in Response to the Health and Economic Crisis

  • Tuesday, March 14th 2023 - 10:13 UTC

    Uruguay to up border controls in fight against drug trafficking

    “Controls at ports and border crossings are fundamental,” Arbeleche said

    Uruguayan Customs authorities are to deploy three new state-of-the-art scanners for border control, Economy and Finance Minister Azucena Arbeleche announced Monday during the opening of the VIII Regional Meeting of the Global Container Program for Latin America and the Caribbean. The plan is an initiative of the United Nations Office on Drugs and Crime and the World Customs Organization.

  • Tuesday, February 14th 2023 - 10:50 UTC

    Financial Times full of praise for Uruguay

    Finance Minister Azucena Arbeleche was behind the achievements British media found worth highlighting

    When looking for a global model, the Financial Times (FT) came up with Uruguay this week while the South American country's so-called “green bond” tied to environmental goals became the “Latin American Bond of the Year in 2022” according to the International Financial Review (IFR).

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