• Spain took control of Uruguay from the Portuguese, which had established territory in 1680.

  • May Revolution marked the end of Spanish rule in the region.

  • Brazil and Argentina renounce claims to the territory which becomes the Eastern Republic of Uruguay. 

  • The World Bank approves loans over $250 million to help Uruguay stay away from Argentina's financial crisis.

  • An energy deal is signed with Venezuela, to guarantee an oil supply.

  • Uruguay pays off its billion-dollar debt to the International Monetary Fund.
  • The discovery of large natural gas fields off Uruguay's Atlantic coast. 

Sources:

BBC News open_in_new
Britannica open_in_new