A quarterly report issued by the Debt Management Unit (DMU) of the Ministry of Economy and Finance May 2020. Summary: - Revised government’s borrowing needs and funding sources following the Covid-19 outbreak. - Uruguay relies on disbursement of multilateral credit lines to shore up its liquidity buffers, but does not rule out returning to international bond markets. - S&P, Fitch and R&I affirmed Uruguay’s rating; Moody’s and Fitch published an update of their credit opinions.