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Brazil & Southern Cone - January 2020

IMF sends message to Lacalle Pou team

The International Monetary Fund (IMF) has delivered a slightly mixed endorsement of the Uruguayan economy. It has praised the country for its “enviable characteristics” which include political stability, social cohesion, and over a decade and a half of “robust” economic growth. However, it has also suggested that the incoming economic team of President-elect Luis Alberto Lacalle Pou needs to undertake a “credible adjustment”, starting this year, to get overall public debt levels on a downward pathway.

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