May 24, 2022
Uruguay has increased its total financing needs to $4.29 billion and plans to issue $3.71 billion in bonds this year with an emphasis on the local market, the debt management unit at the ministry of economy and finance said in a report on Monday.
As a result, Uruguay expects to post net debt of $1.95 billion by the end of the year, up from a previous estimate of $1.85 billion, according to the report.
Uruguay issued UYU44.7 billion ($1.11 billion) in local bonds in January and followed that with
Finance ministry plans to issue $3.7 bln in bonds this year with a focus on the local market