Uruguay’s Ministry of Economy and Finance published remarks by Minister Gabriel Oddone from the 18th International Economic Forum on Latin America and the Caribbean in Paris, where he set out the government’s strategy to strengthen competitiveness, attract investment and advance adoption of international standards. In that context, he framed Uruguay’s policy agenda around three global shifts: technological change and artificial intelligence, climate-related pressures, and broader tensions around globalization. He also met Organisation for Economic Co-operation and Development Secretary-General Mathias Cormann to discuss Uruguay’s situation and the cooperation agreements in place with the OECD. Oddone said Uruguay has spent the past 40 years diversifying risks linked to international integration, regional instability and export concentration, but now needs to raise productivity and improve its capacity to attract investment. He pointed to the near-completion of the country’s energy transition, with about 98% of electricity generated in 2025 coming from renewable sources, and identified capital attraction and stronger public policy as key challenges. In that context, he highlighted work with the OECD to identify gaps in public policy and international standards, work with the International Monetary Fund to improve the fiscal framework, and the European Union treaty as central policy elements. He also described three priorities for accelerating investment: resilience through macroeconomic stability and fiscal sustainability, market access through the Mercosur-European Union and Mercosur-European Free Trade Association agreements and a bilateral agenda linked to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, and greater certainty through political and legal stability, free zones and other globally compatible tax incentives.
Ministry of Economy & Finance (Uruguay)2026-06-02
Uruguay Ministry of Economy and Finance outlines competitiveness agenda and OECD standards work at Paris forum
Uruguay’s Ministry of Economy and Finance published remarks by Minister Gabriel Oddone outlining the government’s strategy to strengthen competitiveness, attract investment and align with international standards amid technological change, climate pressures and globalization tensions. Oddone highlighted the energy transition’s near-completion, cooperation with the OECD and IMF, and trade agreements with the EU and other partners. He set three investment priorities: macroeconomic stability and fiscal sustainability, expanded market access via Mercosur-linked agreements, and greater legal and policy certainty, including free zones and globally compatible tax incentives.