Uruguay eyes $2.5 bln in funding from multilateral lenders

Uruguay eyes $2.5 bln in funding from multilateral lenders

Loans Debt Corporate & Sovereign Strategy Economy & Policy Regulation Uruguay US Latin America Coronavirus

Uruguay expects to receive $1.5 billion in credit from multilateral lenders in the next few weeks and is in talks for an additional $1 billion to help the country respond to the spread of the coronavirus, Economy Minister Azucena Arbeleche said.  The minister, who took office March 1, said that out of the $1.5 billion, a special line of credit will be created to help the country deal with the outbreak of COVID-19. Uruguay had 217 confirmed cases on Thursday, compared to four on March 13, accord

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