News Uruguay Banks: Uruguay’s Service Exports Reaches Record High
Uruguay’s service exports are gaining steady momentum, nearing $7 billion in 2024, driven by robust performance in tourism, IT, and business services — and powered increasingly by the country’s free ...
News Uruguay Banks: Uruguay Growth Forecast Cut to 1.3% by the IMF, Below the Government’s 1.6%
The IMF now expects Uruguay's economy to grow 1.3% in 2026 after a drought hit soy. The minister calls it appropriate; the official forecast is still 1.6%.
News Uruguay Banks: Uruguay closes 2025 with strong performance in beef exports
Several people cut roast meat during the launch of the Grilling World Cup, in Montevideo, Uruguay, in March 2024. The country was expected to export about 548,000 metric tons of beef in 2025, ...
News Uruguay Banks: Uruguay Economy 2026, Who Runs It and How
Uruguay economy in 2026 is run by state utilities, foreign banks and pulp giants, with pulp exports at US$2.31 billion in 2025.
News Uruguay Banks: Uruguay: Small Country, Big Fintech Ambitions
The following is an overview of the fintech ecosystem and its relation to wider economic development of Uruguay in 2026.
News Uruguay Banks: Exclusive-Uruguay central bank chief: rate cut likely in October as inflation cools
Uruguay's central bank is likely to cut its benchmark interest rate again at its next monetary policy meeting in October as inflation has fallen to a near two-decade low, governor Diego Labat told Reuters on Friday. The South American country has led the region's pivot to rate cutting after sharp hikes by central banks around Latin America in recent years to rein in prices, an aggressive tightening cycle that helped many get inflation under control. "Interest rates today are at 10%, probably we can decrease rates in the next session, though it depends on the inflation path," Labat said in an interview at Uruguay's central bank in downtown Montevideo.
News Uruguay Banks: Uruguay's central bank marks five years without intervening in the currency market
The Central Bank of Uruguay completed five years on Monday without intervening in the foreign exchange market. Its last operation was a purchase of 31.2 million dollars in 2021. Its president, Guillermo Tolosa, described the milestone as of 'enormous' importance and said the country is going through a period of 'absolutely free floating of the currency'.
News Uruguay Banks: A tale of two central banks as Uruguay rises and Argentina slides
Diego Labat, Uruguay's central bank chief, is sitting pretty. Inflation is at the lowest level in nearly two decades, the currency is one of the region's strongest, and the country is leading a regional pivot towards interest rate easing. It's also a sign of a tectonic shift over years: strong, independent institutions and political stability helping Uruguay's economy increasingly detach from its larger neighbor, where the two once rose and fell in tandem.
News Uruguay Banks: Uruguay’s peso tops Big Mac “overvaluation” ranking as government and central bank focus on competitiveness
Uruguay’s peso has been labelled the world’s most “overvalued” currency against the U.S. dollar on a GDP-per-capita-adjusted basis, according to the latest Big Mac Index published by The Economist and cited by Uruguayan media. Under the adjusted methodology, the peso is estimated to be 83.9% above its implied “long-run equilibrium.” In the unadjusted ranking, Uruguay places second, with 43.1% overvaluation, behind the Swiss franc.
News Uruguay Banks: Uruguay slashes rates by 100bp to 6.5%
The Central Bank of Uruguay (BCU) on January 26 cut its policy rate by 100 basis points, thereby accelerating its easing cycle as inflation threatens to undershoot the institution’s target. The ...
News Uruguay Banks: Uruguay Central Bank accelerates easing, cuts key rate to 6.5% as dollar hits lows
Uruguay’s Central Bank (BCU) cut its benchmark policy rate by 100 basis points to 6.5% and said monetary policy “enters an expansionary phase,” framing the move as a way to prevent inflation from drifting away from its 4.5% target and to respond to recent strains in the foreign-exchange market.
News Uruguay Banks: Uruguay declares water emergency, sets tax exemption for bottled water
Uruguay President Luis Lacalle Pou declared a state of emergency in the capital Montevideo because of a water shortage, enacting measures such as tax exemptions for bottled water and the construction of a reservoir.
News Uruguay Banks: Uruguay’s capital grapples with water crisis
Water is the talk of the town in Uruguay's capital Montevideo. People in Uruguay have always been able to safely drink the water that comes from their taps, unlike in some other Latin American countries.
News Uruguay Banks: Drought-hit Uruguay receives first Argentine power exports of 2023
Uruguay, along with other parts of the Southern Cone ... Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance. The central objective of the ...
News Uruguay Banks: MercadoLibre, Inc. Reports Fourth Quarter 2022 Financial Results
MercadoLibre, Inc. (Nasdaq: MELI) ( Latin America's leading e-commerce technology company, today reported financial results for the quarter ended December 31st, 2022, in a letter to shareholders, ...
News Uruguay Banks: FIFA World Cup 2022: Uruguay vs South Korea today – All you need to know
Kicking off its opening match for Group H of FIFA 2022, two times World Cup winner Uruguay is all set to take on South Korea.
News Uruguay Banks: Brazilian conglomerates dominate the Uruguayan meat industry export complex
The Brazilian conglomerate Minerva Foods is moving to complete a further overseas acquisition, this time a state of the art abattoir and meat packing plant in Uruguay which once the deal is completed will mean over 50% of the country's meat industry will be under control of Brazilian conglomerates.
News Uruguay Banks: Inclusive Internship in World Bank in Uruguay
The World Bank’s Office in Uruguay is recruiting an intern for a six-month period, based in Montevideo, to support the Uruguay Country Team in developing and implementing the country program.
