On July 11, 2023, the Ministry of Economy and Finance of Uruguay announced the successful issuance of a new global bond denominated in nominal pesos. This bond, with a maturity date in 2033, amounted to approximately US$1.267 billion. The government simultaneously conducted a tender offer to repurchase existing global bonds denominated in dollars, pesos, and…
The Ministry of Economy and Finance in Uruguay recently announced that fuel prices will remain stable in July. This decision comes as a result of the minimal variations recorded in the import parity prices over the past month. The maximum prices for Super 95 gasoline, Gasoil 50S, and Liquefied Petroleum Gas (LPG) will be maintained…
On June 28, 2023, the Inter-American Development Bank (IDB) approved a Conditional Credit Line for Investment Projects (CCLIP) of up to $800 million to support the modernization of the Salto Grande Binational Hydroelectric Complex (CHSG) in Argentina and Uruguay. This initiative aims to decarbonize the interconnected electricity systems, foster regional sustainable development, and enhance economic…