The deputy managing director Antoinette Sayeh valued “the government efforts”, after a meeting with Minister Azucena Arbeleche.
He International Monetary Fund (IMF) highlighted “the government efforts” of the administration headed by the president Luis Lacalle Pou, by highlighting the direction of the Uruguayan economy and the impulse to sustainable finances.
This was made known by the deputy managing director of the IMF, Antoinette Sayeh, during a visit to Uruguay in which he met with the Minister of Economy and Finance, Azucena Arbeleche, where they discussed the environmental policies applied by the government.
From the account of X of the multilateral organization, Sayeh appreciated the “great talk” with Arbeleche and noted: “I recognize the government’s efforts to stabilize debt, manage public finances and promote environmental policies.”
During the meeting, which also included Marcela Bensión and Herman Kamil by the MEF; the representative of Uruguay before the IMF, Inés Bustillo; and the hierarchs Gilda Fernández, Pau Rabanal and Patricia Alonso-Gamo of the IMF, the deputy director referred to milestones such as the launch of the Bond Indexed to Climate Indicators (BIIC) and credit tied to climate goals, by highlighting “innovation in finance, climate and technology for sustainable growth” in the country.
Then, Sayeh toured the Technology Park of LATU and highlighted that it was “an inspiring visit,” noting that “they are leaders in technology and innovation for sustainable development in AI, education, agricultural research and renewable energy.”
Sayeh IMF LATU.jpg
Arbeleche seeks to link environmental policy with financial policy
Arbeleche He stated that the government aims to achieve “the challenge of uniting the environmental policy with the economic and financial”, during his presentation days ago at an IDB panel, in which he highlighted both the green bonus such as the sustainable loan of the World Bank.
On that occasion, he recalled that the BIIC “was the first time of a positive incentive in case of compliance with certain goals” and indicated that it was decided to tie it to the reduction of greenhouse gases and the conservation of native forests “because it was the way to show the government’s commitment to environmental care.”
Regarding the role of sustainable credits, he maintained that the benefits are not through interest rate. “There is a reduction in capital according to certain goals,” highlighted the leader.
Source: Ambito
