The credit rating agency Standard & Poor’s upgraded on Monday Uruguay’s rating by one notch to BB-plus, only one notch below investment grade, praising years of “prudent and consistent” economic policies in the country.
Uruguay’s government announced June 27 that it will reopen more than 80 human rights violations allegedly committed during the 1973-85 military dictatorship. The decision follows a long legislative battle but nevertheless remains highly controversial since the latest opinion polls indicate a majority of Uruguayans, 55%, want an end to the discussion.
Uruguayan president Jose Mujica called on Sao Paulo corporations to cooperate with the development of Mercosur partners by adopting a policy of alliances with local companies and leaving aside ‘colonizing’ temptations.
Presidents from Brazil, Argentina, Uruguay and Ecuador have confirmed they will be attending the Mercosur summit in Paraguay next June 28/29, when the rotating chair of the group for the next six months will pass on to Uruguay.
President Jose Mujica said that Swiss-based Zamin Ferrous iron-ore project feasibility study for an 18 million mt/year project has not been approved and given the controversy that has surfaced he supports the idea of holding a referendum on the project.
A group of Uruguayan lawmakers have written a letter to Peruvian president-elect Ollanta Humala requesting a more humane treatment for Victor Polay Campos, head of the guerrilla Tupac Amaru Revolutionary Movement, MRTA, jailed since 1992.
The approval of Uruguayan president Jose Mujica in Montevideo continues to slide and has plummeted eight points between February and May according to a Mori public opinion poll released this week.
Uruguay’s support for the re-election of Mr Ban Ki-moon as Secretary General is based on his decisive efforts to impulse multilateralism since taking office in 2007, said Uruguayan Foreign Affairs minister Luis Almagro.
Peru is interested in regional integration, security, education, combating narcotics but full membership of Mercosur is “distant” said president elect Ollanta Humala during a one day visit to Uruguay, before leaving late Monday for Argentina.
A controversy over land taxes inside the Uruguayan government exposed claims from President Jose Mujica that “meetings are taking place to debilitate his administration and even possibly remove him”