Uruguay plans to shift government debt away from the dollar to boost economic stability
Finance Minister Gabriel Oddone plans to issue half of the nation's debt in pesos to mitigate currency risks. The country is also seeking broader trade ties.
洞察:
The Government of Uruguay 
UY announced on February 16, 2026, that it will shift its sovereign debt composition away from United States 
US dollar-denominated obligations, aiming to issue approximately half of its debt in domestic pesos. This policy-driven move by the Uruguayan central government is intended to reduce currency mismatch and diversify sovereign financing risks. The announcement follows a record year in which about 40% of the country's international debt was issued in the local currency, reflecting a structural shift in the nation's debt issuance strategy.
UY announced on February 16, 2026, that it will shift its sovereign debt composition away from United States US dollar-denominated obligations, aiming to issue approximately half of its debt in domestic pesos. This policy-driven move by the Uruguayan central government is intended to reduce currency mismatch and diversify sovereign financing risks. The announcement follows a record year in which about 40% of the country's international debt was issued in the local currency, reflecting a structural shift in the nation's debt issuance strategy.
