Investor Presentaiton
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Timeline of key recent political and economic developments
March 1st, 2020: the new President Lacalle Pou takes office for a 5-year term,
leading a five-party political coalition with majority in Congress.
March 11th, 2020: Presidential decree introduces fiscal austerity measures,
including expenditure cuts across Ministries.
March 13th, 2020: first cases of COVID-19 reported in Uruguay; the Government
declares sanitary emergency and launches swift policy response.
April 16th, 2020: first Monetary Policy Committee of the new Central Bank
Board, announcing enhancements to the monetary policy framework and
communication strategy.
April 23rd, 2020: Government submits to Congress 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.
May 15th, 2020: Finnish company UPM and the Government signed an MoU
confirming commitment to ongoing construction of the pulp mill.
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