Investor Presentaiton
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Timeline of key recent political and economic
developments in Uruguay during 2020
March 1st the new President Lacalle Pou takes office for a 5-year term, leading
a five-party political coalition with majority in Congress.
March 11th: Presidential decree introduces fiscal austerity measures, including
expenditure cuts across Ministries.
March 13th first cases of COVID-19 reported in Uruguay; the Government
declares sanitary emergency and launches swift policy response.
April 16th: first Monetary Policy Committee of the new Central Bank Board,
announcing enhancements to the monetary policy
policy framework and
communication strategy.
May 15th: Finnish company UPM and the Government signed an MoU confirming
commitment to ongoing construction of the pulp mill.
July 8th: Congress approves a bill that includes key structural reforms, including
a new fiscal rule, changes to the governance of state-owned enterprises and a
roadmap for pension reform.
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