The advance of the mosquito transmitted leishmaniasis in South America, (Uruguay and Chile are the only countries with no registered cases) motivated a recent symposium to address the challenge in Punta del Este.
Uruguay announced on Monday filed to issue up to two billion dollars in new global bonds maturing in 2028 and to conduct a series of liability management transactions designed to further improve its external debt profile, including an exchange offer and a cash tender offer for certain of its outstanding debt securities.
Uruguay’s Vice-president Danilo Astori blasted Argentina’s protectionist and foreign exchange policies because they damage Mercosur, which is currently living its “worst possible moment”.
Uruguay will have to learn to live with Argentina’s ‘unpredictable policies” and its growing tendency to protectionism, both from President Cristina Fernandez as from Brazil in a context where both economies growth is slowing down.
The Spanish government has expressed ‘concern’ about claims from the Vigo-based fleet operating in the south-west Atlantic which has come under continuous harassment from Argentine naval patrols claiming they are fishing ‘illegally’ in ‘Argentine waters’ in spite of having licences awarded by the Falkland Islands government.
A major controversy exploded in Uruguay when President Jose Mujica was pictured by international news agencies, during the CELAC meeting in Caracas, wearing a green jacket from the Venezuelan Army.
Chile and Uruguay are the least corrupt countries in Latinamerica, while Paraguay and Venezuela are at the other extreme, according to the latest ‘Corruption Perceptions’ Index’ from Transparency International released this week.
The loss of competitiveness with Brazil, the strong devaluation of the Argentine peso, the rigorous foreign exchange controls imposed by the government of President Cristina Fernandez and their possible impacts on the coming summer season, is some of the main concerns of the Uruguayan tourism industry.
“Uruguay does not figure in the list of countries with which France has financial difficulties”, said a special envoy from President Nicholas Sarkozy who visited Montevideo this week, thus ending the controversy triggered at the end of the early November G8 Cannes summit when Uruguay was described as a “fiscal haven”.
The Argentine government has stepped up its official blockade policy against the Falkland Islands warning Spanish fishing vessels are operating ‘illegally’ in the South Atlantic, since they have not requested licences from the Argentine government, and controls over those activities will continue.