Moody’s Investors Service analyst Renzo Merino said that “the result points to a continuity in the policies that have been promoted by the administration of President (Luis) Lacalle Pou, in particular, those corresponding to the new framework of the fiscal rule, which is a key driver for the sovereign credit outlook.
In Merino’s opinion, the referendum on Sunday 27 “confirmed the institutional strength of Uruguay. As a result of what happened, Moody’s expects that the fiscal consolidation process will continue and that spaces will be opened for the authorities to advance in the reform of the pension system, which would contribute to strengthening the credit profile”.
The President of the Republic reiterated this Sunday at a press conference that the Executive Power tThe priority on his short-term agenda is to present a bill for a pension reform for the next 30 or 40 years in Uruguay to be discussed in Parliament for approval.
