Uruguay
The ARU raised competitiveness and credit access concerns with the Government and the BCU
The rural association received Minister Gabriel Oddone and Central Bank President Guillermo Tolosa at Expo Prado 2026. In the meetings, it focused on exchange-rate lag, the burden on production and the difficulties in financing the sector.
The board of the Rural Association of Uruguay received Minister of Economy and Finance Gabriel Oddone this Tuesday at Expo Prado 2026 in a meeting that, according to Subrayado, was considered by the association to be one of the most important held so far.
According to that outlet, the meeting focused on competitiveness, the 1% tax on livestock, the gasoil trust fund and the supergás subsidy, in an agenda linked to the sector’s productivity.
ARU President Rafael Ferber said the agricultural sector needs to e2809cdar un salto de calidade2809d and called for better financing conditions. He noted that production depends on credit and said that, although this is a private-sector difficulty, regulation and the conditions set by the State are relevant to facilitating activity.
Ferber also warned, according to Subrayado, about a e2809cchronic competitiveness probleme2809d linked to an exchange-rate lag that, he said, has been dragging on for many years.
ARU also met with the President of the Central Bank of Uruguay, Guillermo Tolosa, in an exchange on inflation, exchange rate and the country’s performance in those variables. In that context, Ferber said inflation is under control and practically at the BCU’s target, set at 4.5%.
For his part, Tolosa said the association conveyed concern about possible improvements in access to bank credit. According to him, ARU raised that difficulties persist, along with slow or bureaucratic processes that complicate the expansion of the export sector.
Sources
About this note. Written by El Notero with the assistance of artificial intelligence, based on what was published by the cited outlet. El Notero did not do its own reporting on this event.
