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The 5 keys to understanding the political and economic agenda of the week

The 5 keys to understanding the political and economic agenda of the week

With a pace that is accelerating in terms of pre-candidates for the 2024 general elections, the government coalition will return this week to measure its strength with a challenge of Open Town Hall (CA), while in the economic field the expectation grows that the second pulp mill of UPM can improve the projections for growth and exports this year.

Cabildo Abierto will launch this Monday, at a press conference, its initiative to forgive bank debts, a plan that, according to its leader, Senator Guido Manini Rioswas the main cause of the forced resignation of his wife in charge of the Ministry of Housing and Territorial Planning, Irene Moreira.

The norm, whose treatment could have the support of the opponent Broad Front (FA), has the rejection of financial sectors close to the government of Luis Lacalle Pouaccording to CA.

UPM 2 prepares its first pulp shipment

The second pulp mill of the Finnish company UPM completed one month of operation and is already working on what will be the first shipment that will leave via Port of Montevideo.

Its total production level will put Uruguay in the top 5 pulp-producing countries and will boost the national GDP by 2% according to estimates, something that the Executive is looking forward to to offset the enormous economic blow represented by the worst drought of the century.

The salt water crisis, with no solution in sight

The water salinity in Montevideo and the metro area dominated the agenda last week and promises to continue to do so this week.

Subsidized bottled water, the fear of lack of stock, the increase in hypertensive consultations and the crosses between the ruling party and the opposition mark the rhythm of an unprecedented crisis that aroused international interest.

state company SBI He hopes to alleviate the situation with the urgent construction and in less than a week of a dam on the Santa Lucía River.

Agenda loaded for the BCU

This week is key to the path that the Central Bank of Uruguay (BCU) in terms of softening its contractive policy.

On Wednesday, the monthly reports on inflation and economic expectations will be released, after the Minister of Economy and Finance (MEF), lily arbelechepublicly complained that businessmen and the market kept theirs above the official forecasts, thus pushing the price upwards. inflation.

Two days later, they will meet again. Monetary Policy Committee (Copom). In his last minute, at the end of April, he decided to lower the interest rate by 25 points, which stands at 11.25%. Observers estimate that, this time, he will choose to keep it the same.

The digital census ends

Wednesday is the deadline to complete the digital form of the 2023 Censusin which more than 300,000 households have already participated.

Participation in the census is mandatory by law and the data collected will improve the design of public policies, he explained to scope.com director of the National Institute of Statistics (INE), Diego Aboal.

Once the digital census stage has been completed, the door-to-door consultation will be carried out in 1,500,000 homes in 650 towns.

Source: Ambito

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