Americas

Uruguay Goes to Polls With Investors Wary of Pension Overhaul

  • Runoff likely as ruling coalition trails left-wing opposition
  • Contentious retirement proposal will also be decided Sunday
Pedestrians walk through Independence Square in Montevideo. Uruguayan voters will elect a new president and Congress on Sunday, as well as decide on a radical overhaul of the social security system.Photographer: Mauricio Zina/Bloomberg
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Voters in Uruguay are set to cast their ballots Sunday in a presidential race that’s being overshadowed by a contentious pension overhaul.

While potential fiscal fallout from the social-security proposal has investors on edge, the main campaign features a resurgent left-wing party seeking to unseat the ruling center-right coalition by tapping into angst over crime and the economy.