Uruguay’s Minister of Economy and Finance Gabriel Oddone reviewed the government’s economic agenda in opening remarks at FIEL’s annual conference in Buenos Aires. Priorities include expanding trade integration, continuing dedollarization and improving investment conditions while consolidating macroeconomic stability. He emphasized higher productivity and greater investment in physical and human capital as necessary for growth amid tighter international financial conditions. Trade priorities include the Mercosur-European Union agreement and an agreement with the European Free Trade Association. The government also plans to adjust investment promotion instruments, particularly for data centers and energy. Its bill on competitiveness and reducing the cost of living contains 240 articles and is under discussion in the Chamber of Deputies after receiving unanimous Senate approval. The measures would facilitate trade and streamline state administration, while reducing regulations affecting living costs and promoting innovation and market competition. The social protection agenda focuses on reducing child poverty and inequality. Planned measures include stronger transfers targeting children and an early retirement regime compatible with the pension system’s financial sustainability. Investment in security is another government priority.
Uruguay’s Ministry of Economy and Finance outlines priorities for trade integration, dedollarization and competitiveness
Uruguay’s Minister of Economy and Finance Gabriel Oddone reviewed priorities for trade integration, continued dedollarization and improved investment conditions at FIEL’s annual conference in Buenos Aires. A bill containing 240 articles to improve competitiveness and reduce living costs is before the Chamber of Deputies following unanimous Senate approval. Social protection plans include stronger transfers targeting children and an early retirement regime consistent with pension system sustainability.