Uruguay

The World Bank has highlighted Uruguay's economy as the most outstanding in Latin America for 2024, with a projected GDP growth of 3,2% for 2024 and 2,6% for 2025, due to solid public policies, infrastructure improvements, and economic diversification

The Central Bank of Uruguay has expanded its regulations to prohibit transactions related to online gambling and betting sites, impacting Payment Service Providers and requiring them to implement preventive mechanisms to avoid these illegal transactions

Uruguay celebrated 60 years of diplomatic relations with South Korea, featuring a special taekwondo demonstration and honoring Julio C. Maglione, President of the Uruguayan Olympic Committee

Uruguay will promote Mercosur-China free trade dialogue during its upcoming rotating presidency of Mercosur, beginning July 8, with Foreign Minister Omar Paganini emphasizing modernization and global trade access

Uruguay declared an agricultural emergency due to excessive rainfall in Rocha and Treinta y Tres, displacing over 2.800 people, affecting 1,2 million hectares of farmland, and causing significant damage to crops and livestock

Over 3.300 people have been displaced by floods in Uruguay as strong rains hit the region, with the majority affected in the northern coastal areas along the Uruguay River, prompting evacuations and relocation efforts

Uruguay just inaugurated a new rail service, connecting Durazno to Montevideo, facilitating the export of cellulose, which is set to become the country's primary export product

Uruguay signed a new "cooperation memorandum" with the US Drug Enforcement Administration in Washington DC, enhancing joint operations against drug trafficking without reinstating a DEA office in Montevideo

Over 5.000 people remain displaced due to heavy rains and 5 national routes are reported closed, according to Uruguay's National Emergency System

The Americas Act, a bipartisan US legislative proposal for trade and investment expansion in Latin America and the Caribbean, was welcomed with optimism by Foreign Minister Omar Paganini, considering Uruguay as a potential "pilot case"