Tabare (L), Lacalle Pou (R), Photo credits below
Based on Sunday’s voting, Uruguay’s presidential election will head to a runoff round to take place the last day of November, pitting Tabare Vazquez, of President José Mujica’s ruling leftist Broad Front party against center-right contender Luis Lacalle Pou, from the National Party, after the two came in first and second place, respectively in last weekend’s voting. Vazquez had 46% of the votes, Pou had 30%, both more than third place Pedro Bordaberry of the conservative Colorado Policy.
After the results were clear, Bordaberry swiftly placed his support behind Lacalle Pou. Vazquez previously served as president immediately before Mujica; Pou, famous for a 2007 fistfight in legislative chambers, is the son of former president Luis Alberto Lacalle.
During the same round of elections, President Mujica won a senate seat which he will take over immediately after leaving the Presidency, and a referendum rejected a proposal to lower the age a criminal suspect can be charged as an adult from 18 to 16 years old.
“In my opinion, the most relevant for the entrepreneurial and investment climate in Uruguay is that the voting took place in a climate of peace and tolerance. That has been the custom for three decades in the country and it is always seen as a sign of stability,” says Leonel More, Global Delivery Report’s Montevideo Correspondent.
“Whoever is elected President of Uruguay the 30th of November, it won’t change the positive business perspective in the country. The differences in the platforms of the two candidates are principally over education and law enforcement, not over macroeconomics or other relevant factors for the investor or the entrepreneur…There is a sensation that we will see a reinforcement of incentives for innovation and investment, no matter who is elected President. Both candidates have spoken about the importance of accelerating innovation in the country, and that’s good news,” says More.
“Lacallepou” by SaintBass – Own work. Licensed under Creative Commons Attribution-Share Alike 3.0 via Wikimedia Commons – http://commons.wikimedia.org/wiki/File:Lacallepou.jpg#mediaviewer/File:Lacallepou.jpg
“Tabaré26022007” by Fabio Pozzebom/ABr – Agência Brasil . Licensed under Creative Commons Attribution 3.0-br via Wikimedia Commons – http://commons.wikimedia.org/wiki/File:Tabar%C3%A926022007.jpg#mediaviewer/File:Tabar%C3%A926022007.jpg