
Great-grandson of Batlle y Ordonez, president.
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Jorge Batlle was elected president of Uruguay in the 1999 general election as the Colorado Party candidate, defeating the Broad Front candidate Tabar
Uruguay experienced a severe banking crisis in 2002, triggered by the Argentine economic crisis. Depositors withdrew billions of dollars, leading to a bank run. Batlle's government imposed a freeze on bank deposits and negotiated a $3 billion loan from the IMF.
Batlle signed a free trade agreement with Mexico in November 2003, aiming to boost bilateral trade and investment. The agreement was part of Uruguay's strategy to diversify its trade relations beyond Mercosur.
Batlle completed his presidential term in March 2005, handing power to Tabar
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