The people of the United States of America
are proud to stand shoulder to shoulder with our friends ,
the Orientales, the people of Uruguay during this challenging
time.
The USG enthusiastically supports the funding
being provided by IMF, the I-ADB, and the World Bank. The
Batlle administration coalition and the Uruguayan Legislature
have taken bold and decisive steps to respond to external
financial pressures and deserve our support.
The USG is interested in seeing that Uruguay
remain a strong international financial center.
In difficult times, friends deserve more
than words. Actions speak louder than words. Therefore,
tomorrow morning $1.5 billion short-term bridge financing
from the Exchange Stabilization Fund (ESF) will be transferred
from the Federal Reserve Bank in NYC. It will arrive by
8am in Montevideo at the Central Bank of Uruguay.
This money will enable the banks of Uruguay
to open and function. It will enable Uruguay to get back
to business. This loan will give Uruguay the breathing room
it needs until it receives a disbursement of funds from
the international institutions.
The people of the United States of
America are proud to support our friends.
