Uruguayan Minister of Economy and Finance, Mario Botana, sharply criticized the current investment climate during a parliamentary interpellation of Central Bank President Diego Oddone. Botana stated private investment has “collapsed,” attributing the decline to high energy costs and an unfavorable exchange rate. He argued that certain business ventures are deterred by expensive energy, hindering economic growth. Furthermore, Botana highlighted the financial strain on small businesses, noting retailers lose money when customers pay with credit cards due to associated fees. The minister’s comments came during a tense questioning session regarding the country’s economic policies and performance. Opposition lawmakers used the interpellation to scrutinize the government’s handling of the economy and seek explanations for the downturn in investment. The exchange rate and energy policy are now central to the debate.