Long dependent on exports and its larger neighbours, Uruguay is using tax breaks, duty-free zones and investor-friendly legislation to make itself an attractive prospect for foreign money. By John Rumsey .

The private sector is showing its confidence in Uruguay’s revitalised banking system by investing more, and a robust deposit base is allowing banks to offer their corporate clients longer tenors. By John Rumsey .

The Uruguayan banking system has put the dark days of 2002 behind it. Deposits and lending are booming, and banks have shown an annual growth rate of 14% for five consecutive years. By Fernando Calloia .

Thanks to prudent macroeconomic policies and balanced fiscal accounts, Uruguay’s economy is showing low inflation coupled with strong gross domestic product and foreign direct investment growth. By Fernando Calloia .

Uruguay’s free trade zone, Zonamerica, is bringing in much-needed investment, although it has its critics. Monica Campbell reports.

Banco de la República Oriental del Uruguay continues to be dogged by its state-owned status and weak demand for credit. Jason Mitchell reports from Montevideo.

Danilo Astori, finance minister of Uruguay, tells The Banker of his optimism regarding a settlement of the pulp mill row and why Mercosur members should be free to make bilateral trade agreements with whoever they choose.

Banks are posting healthy results in an improving economy, financial reforms are under way and there are plans to develop the capital markets. Monica Campbell reports.