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InterviewsNovember 25 2013

Uruguay's finance minister charts upwards growth path

Uruguay's finance minister, Fernando Lorenzo, tells The Banker how his country has managed to remain resilient in the face of the global economic crisis, and why he still longs for a more open Latin America.
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Uruguay's finance minister charts upwards growth path

Q: Will Uruguay be able to sustain economic growth at a time when many Latin American countries are slowing down?

A: During the world economic downturn of 2008 and 2009, Uruguay was one of the few economies in Latin America that kept on growing – by almost 3% in 2009. Uruguay has had gross domestic product [GDP] growth of 4% [in 2012, above the regional average] and even higher in recent times [GDP expanded 5.6% in the second quarter of 2013 compared with the same period in 2012, according to Reuters].

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Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
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