Monetary Policy Framework Enhancement
2
Ramp up in foreign direct investment and
new tax incentives for fixed capital formation underpin the
construction sector
FDI Net Capital Inflows (2)
(Rolling 4-quarters, in % of GDP)
UPM's Pulp Mill (1)
"
UPM will invest a total of US$ 3 billion (5.5% of
GDP) to build a 2.1 million-tonne greenfield
eucalyptus pulp mill in central Uruguay.
■ Proceeding according to schedule. More than
3,000 people are currently working at the
construction site.
Central Railway Project (1)
▪US$ 1 billion investment in a Central Railway
that will run from the city of Paso de los Toros
to the port of Montevideo (273 km long).
■Public-Private-Partnership (PPP) modality.
4
2
O
-2
-4
2016Q4
2018Q2
2019Q4
3.0
الس
2021Q2
Investment projects presented under COMAP regime (1)
(Cumulative)
3,000
Total intended investment (in US$
million)
2,000
Number of projects (RHS)
1,000
3,000
2,000
1,000
Jan-19
Sep-19
May-20
Jan-21
Aug-21
(1) Source: Ministry of Economy and Finance of Uruguay.
10
(2) Source: Central Bank of Uruguay. Figures of the Financial Account of the Balance of Payments were revised.View entire presentation