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Uruguay

Yearbook 1996

Uruguay. According to Countryaah.com, Uruguay is one of four countries in the Mercosur Customs Union. Trade between the Mercosur countries (Argentina, Brazil, Paraguay and Uruguay) in 1995 amounted to just over SEK 112 billion. For Uruguay, exports to the other Member States increased by 12%.

1996 Uruguay

In March, Uruguay was granted a loan of SEK 750 million. from the International Monetary Fund (IMF). In order for this to fall, the IMF demanded that the government fulfill its financial program for the year: a one percent increase in GDP, a further reduction in inflation (from 42% in 1995 to 20% in 1996) and a further reduction of the general government deficit. sector.

In September, Ericsson received an order from the state-owned telecommunications company Antel worth approximately SEK 190 million. The order was intended to expand the country's wireless communication network and included an option for additional equipment for SEK 190 million.

LÝber Sergni Mosquera resigned as leader of the Left Front Frente Amplio (FA). The reason was stated to be differences of opinion within the front regarding the proposed reform of the presidential system.

At the end of the year, a referendum was held on proposals for constitutional amendments, amendments that would mean greater power for the head of state and that each party in the presidential election should bring forward only one candidate nominated by primary in the party. According to preliminary results published at year-end, the proposal had received the necessary majority.

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