Investor Presentaiton
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Key Credit Highlights
Effective response to the COVID-19 Pandemic in 2020; after Surging in First Half
of 2021, Virus Spread is Contained through Swift Vaccination Plan
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Gradual Economic Recovery, driven by Foreign Direct Investment, Stronger
Industrial Production and Higher Commodity Exports.
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Fiscal Targets Met in 2020 under New Fiscal Rule; Continued Targeted
Support for Vulnerable Companies and Households while Aiming for
Improved Structural Fiscal Balance in 2021.
Monetary Policy Focused on Reducing Inflation and Anchoring Inflation
Expectations within Target, under an Enhanced Monetary Policy
Framework.
Resilient Current Account Dynamics and Large International Reserve
Buffers.
Government Forges Ahead with Structural and Pro-Market Reforms,
including Social Security, Energy Markets and International Trade
Integration.
Sovereign Financing Strategies Focused on De-Risking Debt Portfolio in a
Cost-Efficient Way, with a Focus on Diversifying Investor Base
Uruguay Remains One of the Top Global Performers on ESG Fundamentals;
Government is Committed to Climate Action Policies.
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