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%.
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
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.