Uruguay’s Next Big Challenge: Social Security Reform

President Lacalle Pou hoped that his referendum victory would offer him more time, as well as a stronger mandate, to pursue a series of reforms, including on social security, that are key to reducing Uruguay’s high public spending.

Mercosur’s Flexibilization Dilemma

Ultimately, the bloc’s future depends on the politico-ideological orientation of those presiding over its member countries in the coming years and on the relative value they assign to the region in their respective development strategies.

Paraguay’s uneasy exterior

Often out of the spotlight of Latin America observers, Paraguay continues to make quiet but sustained economic progress. However, Paraguay’s path toward prosperity is increasingly complicated by external constraints on growth.