Central Bank of Uruguay president stresses financial education at launch of the UCU Finance and Society Observatory

The Central Bank of Uruguay published remarks by its president, Guillermo Tolosa, delivered at the launch of the Finance and Society Observatory at the Catholic University of Uruguay, highlighting financial education as a key factor for Uruguay’s economic and social development and for managing uncertainty in financial decision-making. Tolosa argued that business and personal outcomes depend not only on effort, talent and boldness but also on making sound financial decisions, and that training future professionals in finance helps build a strategic mindset that can turn uncertainty into opportunity. He also pointed to access to financial tools such as credit, insurance, pension funds and microfinance as mechanisms that allow resources to be shifted over time and broaden the ability to plan for the future. The Observatory, created by the Catholic University of Uruguay and UCU Business School, is positioned as an academic platform to promote research, training and debate on financial sector challenges, with an emphasis on innovation, sustainability and economic and social development.