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.
Add your comment!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.
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
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.
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).
Uruguayan President Luis Lacalle Pou Friday insisted his country could not compete with Argentina's prices due to the difference in currency exchange rates and pledges to advance new measures to help businesses in bordering areas heavily affected by residents doing their shopping on the other side.
Uruguay's Economy Minister Azucena Arbeleche Monday underlined her country was going through a process of economic recovery despite the global scenario.
During her appearance in Washington DC at the Center for Global Development (CGD), Uruguay's Economy Minister Azucena Arbeleche Thursday highlighted the importance of inclusive and sustainable growth.
Uruguay's Economy Minister Azucena Arbeleche Monday said the Government foresees a 4.8% growth in 2022 and the creation of 40,000 jobs, which would make the lowering taxes feasible.
By Graham Bound for MercoPress (London) – Only on the most serene of news-days might a visit to the United Kingdom by the President of Uruguay make headlines in the country’s newspapers and broadcast bulletins. For a little while it actually looked as if there might be just such a benign news environment. But as President Luis Lacalle Pou took his seat at Canning House, the Latin America and Iberia think tank, on Monday evening to deliver a lecture titled “Uruguay, a Reliable Gateway to South America – Opportunities in Green Finance”, he must have known that he had been totally eclipsed by his host, the British Prime Minister Boris Johnson.