The economist and artist was scheduled to participate in a panel at the Center for Prospective Studies that was canceled when the news of his death became known.
The economist and former president of the Central Bank of Uruguay (BCU), Ricardo Pascale, died today at the age of 81. The news was confirmed by the senator for Open Town Hall, Marcos Methol Sastre. Different figures from all over the political spectrum expressed their condolences through the networks.
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Ricardo Pascale, economist and former president of the BCU—although, in recent times, more devoted to his artistic vein—died this Friday at the age of 81. Today he himself was going to participate in a panel of the Center for Prospective Studies (Ceptos) titled “Economic future: scenario and strategies for growth”, together with economists Kenneth Coates and Javier De Haedo; which was canceled when the news of his death became known.


The economist born in Montevideo on August 29, 1942 and graduated from the University of the Republic (UdelaR) —with a postdoc in the University of California, United States—, he was twice president of the BCU: between 1985 and 1990, the first term with the return of democracy, under the presidential mandate of Julio María Sanguinetti; and between 1995 and 1996, also in the presidency of the leader of the Colorado Party.
During his management at the head of the BCU, Pascale created the Annual Economics Conference of the organism.
Likewise, he served as an advisor in companies at a national and international level; and between 1967 and 1968 he was director of the Finance Department of the Ministry of Transportation, as well as an advisor in several organizations such as United Nations (UN), he World Bank (WB), he Inter-American Development Bank (IDB) and the International Monetary Fund (IMF).
The politicians’ farewell
Shortly after the news of his death became known, different figures from across the political spectrum expressed their condolences through social networks.
“Strong blow to the soul. An exceptional Uruguayan has left who has left us a great legacy to work for. Uruguay what we owe each other,” he wrote Robert Silva, pre-candidate of Colorado Party regarding his coreligionist.
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Strong blow to the soul. An exceptional Uruguayan has left us who has left us a great legacy to work for the Uruguay that we owe us.
Goodbye Ricardo Pascale. pic.twitter.com/9wzveg0ha6— Robert Silva (@robertsilvauy) January 26, 2024
Also the former Secretary of the Presidency, Alvaro Delgado, He dedicated a few words to the “thinker of Uruguay of the future” while he finishes outlining his electoral campaign, thinking about the internal affairs of the National Party.
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We are very sorry for the death of the economist, former president of the Central Bank, artist and thinker of the Uruguay of the future, Ricardo Pascale.
Greetings to your family and friends. RIP.— Alvaro Delgado (@AlvaroDelgadoUy) January 26, 2024
For his part, the senator and Broad Front candidate Mario Bergara, who also served as president of the BCU, noted the news of Pascale’s death as “very sad” and recognized him as “an important figure in the process of democratic recovery.” “Always with an affable attitude and open to dialogue, Ricardo was a thinker. He always had the best for the country as his goal,” he expressed.
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The death of Ricardo Pascale is very sad news. He was a very important figure in the process of democratic recovery as President of the Central Bank. In times of banking weaknesses he had the ability to coordinate with the entire political system to…
— Mario Bergara (@Mario_Bergara) January 26, 2024
Source: Ambito