Uruguay’s High Public Debt And Low Credit Risk Puzzle: ‘What You Don’t See Is What You Get’ – Analysis

By Ernesto Talvi and Sofía Harguindeguy*

Despite its small size, with a population of only 3.4 million, and its geographical location, sandwiched between two giants such as Brazil and Argentina, Uruguay frequently features in the international press.

These regular appearances are generally to highlight positive aspects...