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LatinNews Daily - 11 May 2020
In brief: Uruguay’s gov’t raises finance needs
* Uruguay’s finance & economy ministry (MEF) has revised up its estimation for the central government’s 2020 borrowing requirements to US$4.65bn, up from US$3.97bn estimated in the January 2020 report. The MEF cited the greater financing needs and revenue shortfall brought on by the “economic and social emergency response” to coronavirus (Covid-19) in its report. As regards funding sources, the MEF projects loan disbursements from multilaterals to be US$1.5bn, “significantly higher than in previous years”. Total bond issuances (in both domestic and international markets) is estimated at US$3.75bn, while net bond issuance will reach an estimated US$2.13bn for 2020.
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