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Latin Times
Latin Times
Politics
Miguel Paiva

The "Uruguay Ceiling": Why High Taxes and Red Tape Cap the Country's Top Export Engine

Uruguay's President Yamandu Orsi speaks during the 81st United Nations General Assembly at the United Nations Headquarters in New York, on September 24, 2026. (Credit: Photo by TIMOTHY A. CLARY / AFP via Getty Images)

President Yamandú Orsi stood before investors at a Manhattan dinner on September 22 and delivered a three-pillar pitch: institutional solidity, macroeconomic strength and social cohesion. Hosted by the Americas Society/Council of the Americas, the event let Orsi project Uruguay as a rare regional outlier — a country where the rules do not reset with each election cycle.

A pitch built on predictability

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