No Result
View All Result
Global Finances Daily
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
  • Login
Global Finances Daily
No Result
View All Result
Home Investments

Uruguay polls close for presidential election, pension reform referendum By Reuters

October 27, 2024
in Investments
0
Uruguay polls close for presidential election, pension reform referendum By Reuters


By Lucinda Elliott

MONTEVIDEO/TREINTA Y TRES (Reuters) -Voters in Uruguay, known for its beaches, legalized marijuana and stability, went to the polls on Sunday in an election race between moderates that contrasted with the polarized politics in many other Latin American countries.

The nation of 3.4 million was voting for its next president and lawmakers, with pollsters predicting a run-off will likely be needed in November. The country will also decide on a referendum on pension reform that would lower the retirement age by five years to 60 and another that would boost police powers to fight drug-related crime.

But unlike sharp right-left divides in Argentina, Brazil or Mexico, Uruguay’s political arena is relatively tension-free, with significant overlap between the major conservative and liberal coalitions taking some of the sting out of the result.

The vote in the small South American nation saw Broad Front center-left candidate Yamandu Orsi, the pre-election favorite, take on continuity contender Alvaro Delgado. Behind them was young, social media savvy conservative Andres Ojeda, who addressed reporters outside his local gym on election day. 

Maria Gonzalez, 61, was voting for the Broad Front because she said people were in “tremendous need” and that the current government had failed to address issues related to housing, education and healthcare. 

Polls showed Orsi in the lead, but indicated no presidential candidate would likely get more than 50% of the vote, meaning a second round run-off would be held on Nov. 24 between Sunday’s top two finishers.

Orsi said the Broad Front had arrived at the election “with more strength,” addressing journalists on Sunday morning at a polling station. “I’m from the neighborhood, I’m from this city and I feel increasingly proud to be Uruguayan.”

In Treinta y Tres, a rural region of eastern Uruguay that has traditionally voted conservative, 60-year-old farm worker Ramon Silveira was casting his ballot for Delgado. “I want the trend of the last five years to continue,” he said. 

While security was an area the ruling coalition could improve on, Silveira was confident that with more time in government, crime rates would come down. 

Ballot stations opened at 8 a.m. (1100 GMT) and close at 7:30 p.m. local time, with results expected two hours later.

There was bigger tension in two binding plebiscites, also on Sunday. One asked whether to overhaul Uruguay’s $22.5 billion private pension system, which has drawn criticism from politicians across the aisle who say it could hurt the economy. 

Laura Mesa, a 35-year-old cook was in favor: “We work all our lives. The retirement age should be shorter so we can enjoy it!” she said from a polling station in Treinta y Tres. 

Jesus Collazo, 23, was less convinced by the reform proposal: “I agree with some aspects like lowering the retirement age, but I keep thinking: What are they going to do to replace all this private pension money? Will they make us pay taxes?” 

Uruguayans will also vote on whether to remove constitutional curbs on nighttime police raids targeting private homes as a way to combat drug-related crime, a rising concern for voters. Both referendums require simple majorities to pass.

“We must take control of our safety,” Orsi told a campaign rally this week, pledging to be tough on crime. 

The ruling conservative coalition is struggling to defend its security record, but hopes successes on the economy – with both employment and real salaries now on the rise – may be enough to convince voters to choose continuity over change. 

“I’m convinced that all the work we’ve done and what we represent is going to turn out well,” Delgado said as polls opened on Sunday. 



Editorial Team

Editorial Team

Related Posts

Japan’s Asics to spin off popular Onitsuka Tiger sneaker business; shares rise
Investments

Japan’s Asics to spin off popular Onitsuka Tiger sneaker business; shares rise

June 10, 2026
Democrats nominate Susie Lee in Nevada battleground House race
Investments

Democrats nominate Susie Lee in Nevada battleground House race

June 10, 2026
Meta ties up with Ambani’s Reliance for AI data center in India
Investments

Meta ties up with Ambani’s Reliance for AI data center in India

June 10, 2026
Maine Democrats pick Platner; Trump back to winning ways: Tuesday’s US primaries
Investments

Maine Democrats pick Platner; Trump back to winning ways: Tuesday’s US primaries

June 10, 2026
Trump administration urges judge to reject bid to block White House UFC event
Investments

Trump administration urges judge to reject bid to block White House UFC event

June 10, 2026
China’s May producer inflation highest in nearly 4 years, consumer prices also rise
Investments

China’s May producer inflation highest in nearly 4 years, consumer prices also rise

June 10, 2026
Load More
Next Post
IHG One Rewards Traveler Credit Card Increases Sign-up Bonus (Limited Time)

IHG One Rewards Traveler Credit Card Increases Sign-up Bonus (Limited Time)

Popular News

  • Josh Garber

    How to Contact Hilton Customer Service

    0 shares
    Share 0 Tweet 0
  • Oaktree secures Pantheon backing for European direct lending expansion

    0 shares
    Share 0 Tweet 0
  • NerdWallet’s Best-Of Credit Card Awards: What’s New for Class of 2025?

    0 shares
    Share 0 Tweet 0
  • Cash usage shrinks to below 10% for first time on record as Britons turn to mobile phones to make payments

    0 shares
    Share 0 Tweet 0
  • ELTIF boom gathers pace following EU reg changes

    0 shares
    Share 0 Tweet 0

Latest News

Cointelegraph

Crypto Users Wary as Anthropic’s Claude Mythos Goes Live

June 10, 2026
0

AI company Anthropic on Tuesday released the first public version of its powerful Claude Mythos model, called Fable 5, with...

Japan’s Asics to spin off popular Onitsuka Tiger sneaker business; shares rise

Japan’s Asics to spin off popular Onitsuka Tiger sneaker business; shares rise

June 10, 2026
0

Japan’s Asics to spin off popular Onitsuka Tiger sneaker business; shares rise

Stablecoin neobank Kontigo hit by $340K USDC hack, vows 100% reimbursement

Japan’s three megabanks target joint yen stablecoin by March 2027

June 10, 2026
0

MUFG Bank, Sumitomo Mitsui Banking Corporation and Mizuho Bank plan to start live transactions with a jointly issued stablecoin during...

CrowdStrike warns of increasing Chinese AI cyberattacks on U.S. tech

CrowdStrike warns of increasing Chinese AI cyberattacks on U.S. tech

June 10, 2026
0

U.S.-based cybersecurity giant CrowdStrike warned Tuesday of increasing cyberattacks from China-based entities aimed at stealing artificial intelligence to narrow the...

Global Finances Daily

Welcome to Global Finances Daily, your go-to source for all things finance. Our mission is to provide our readers with valuable information and insights to help them achieve their financial goals and secure their financial future.

Subscribe

  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Editorial Process

© 2025 All Rights Reserved - Global Finances Daily.

No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers

© 2025 All Rights Reserved - Global Finances Daily.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.