Investor Presentaiton
5
Impactful structural reforms underway
Social security reform:
- Convergence of the different subsystems towards a uniform base regime (mixed
system), and parametric changes to all schemes (extension of working life,
minimum contribution time, benefit calculation formula).
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Creation of an independent regulatory agency that oversees the entire regime.
- Variety of mechanisms to encourage voluntary savings, allows the combination of
work and retirement and widens the set of assets menu for pension funds.
• Educational reform:
- More extended-day educational centers and tutorials.
– Professionalization of management teams with training and information systems for
planning.
- New competency-based curricular framework.
- Towards a university teacher training.
• Commercial integration and free trade:
- Positive outcome of the feasibility study on a China-Uruguay Free Trade
Agreement -initiated in September 2021-, leading to formal trade talks.
- Uruguay and Brazil agreed on the reduction of the Common External Tariff of
Mercosur and on preferential access of goods from free trade zones.
- In December 1st, Uruguay submitted a formal request to enter the Trans-Pacific
Partnership Agreement in a meeting with the head of Trade and Export Growth
and head of New Eland Primary Industries, Damien O'Connor.
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