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MercoPress, en Español

Montevideo, July 18th 2025 - 06:00 UTC

Tag: Gabriel Oddone

  • Friday, June 27th 2025 - 08:40 UTC

    Uruguay issues Swiss franc bonds for the first time

    This placement “reflects the confidence of investors in the institutional soundness of the country,” Oddone argued

    Uruguay issued sovereign bonds in Swiss francs for the first time Thursday, totaling 320 million (about US$400 million) to help finance a US$6 billion fiscal deficit in 2025. The bonds, with five- and ten-year terms, carry an average annual interest rate of 1.33%. Economy Minister Gabriel Oddone highlighted the favorable interest rates and noted that Uruguay was the only Latin American country currently issuing bonds in this currency, tapping into a market of high-quality investors.

  • Tuesday, July 30th 2013 - 03:07 UTC

    Uruguay needs ‘a dollar at 25 Pesos’ if it wants to remain competitive warn economists

    Bilateral real exchange rate with the US is at its lowest since 2013, which means we are expensive in dollars in the whole region, said Oddone

    Uruguay is too expensive in dollar terms and needs to adapt quickly because the adjustment will come anyway ‘and will be painful’ unless inflation is brought under control and costs equilibrium is reached with Brazil with a competitive dollar at 25 Pesos.

  • Thursday, November 11th 2010 - 00:16 UTC

    Brazilian “competitive devaluation” risk for Uruguay’s exports

    Economist Gabriel Oddone: Brazil’s prices among the most expensive but “non sustainable”

    A leading Uruguayan economist warned Wednesday about the risks of being highly dependent on Brazil for foreign trade, particularly since the Uruguayan economy could “be trapped in a competitive edge island”.