Overview of financing strategies during 2019 and annual borrowing plan for 2020. In January 2020, the Government issued local currency Treasury Notes in the domestic market for an equivalent of USD 1 billion.

Uruguay remains the top-ranked country in JPMorgan’s ESG-adjusted sovereign bond benchmark for emerging market countries, reflecting robust performance on Environmental, Social and Governance indicators.

DBRS Morningstar confirmed Uruguay’s ratings at BBB (low) with stable trend, while Fitch, S&P and Moody´s published commentaries and reviews following Uruguay’s presidential elections.

IMF study analyzes Uruguay`s implementation of a Sovereign Asset and Liability Management (SALM) framework across the consolidated public sector. Parliament approves Uruguay`s membership to the Asian Infrastructure Investment Bank (AIIB).