Banco República
Fernando Calloia, Chairman

Swings to the political left, eurozone preparation and banking crises. The Banker’s selection of the world’s leading finance ministers reveals that canny, dual management of the political and economic spheres is a prerequisite for the job.

Uruguay is bouncing back from the economic downturn caused by its over-reliance on Argentina. Tighter banking supervision will be key to maintaining the country’s growth. Jason Mitchell reports from Montevideo.
Uruguayan authorities need to tighten banking supervision if the country is to regain its reputation as a sound financial centre.