Quarterly Reports April 2017

May 2nd, 2017. The Debt Management Unit has released its quarterly reports on the Central Government Debt and on the Uruguayan economy.

Highlights:

  • The Uruguayan economy grew 1.5% during 2016, completing its 14th consecutive year of annual positive growth. 
  • Inflationary pressures continue to subside, and March inflation was back inside the target band for the first time in 6 years. 
  • The current account deficit (CAD) in 2016 shrank to 0.2% of GDP, its lowest level in a decade. 
  • Government eyeing issuance of new benchmark-sized local currency, nominal fixed-rated bond to develop bond markets in Uruguayan pesos; fostering diversification of global investor base a priority. 
  • Conversion of foreign currency-denominated multilateral loans into Uruguayan Pesos. 
  • Swap of part of outstanding dollar-denominated 2027 global bond, into Euros. 
  • Fitch Rating affirmed Uruguay's credit rating at BBB- with Stable Outlook.

 

Sovereign Debt Report 04/2017

Uruguay in Focus 04/2017

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Debt Management Unit

Ministerio de Economía y Finanzas
Colonia 1089 Tercer Piso CP 11100 Montevideo - debtinfo@mef.gub.uy

Última Actualización: 21/06/2019