POWER OF ATTORNEY

     The undersigned (the "Reporting Person") hereby
constitutes and appoints Jacobo Cohen Imach, Pedro
Arnt, Gabriela Colombo, Marcelo Melamud, Frederico
Gomez Martinez, Marcos Galperin, Christopher C. Green,
Esq., Ana Carolina V. Barbeiro, Esq. and Carney
Simpson, Esq., and each of them, as the Reporting
Person's true and lawful attorney-in-fact to:

      (1)  prepare, execute in the undersigned's name
and on the undersigned's behalf, and submit to the
U.S. Securities and Exchange Commission (the "SEC") a
Form ID, including amendments thereto, and any other
documents necessary or appropriate to obtain codes and
passwords enabling the undersigned to make electronic
filings with the SEC of reports required by Section
16(a) of the Securities Exchange Act of 1934 or any
rule or regulation of the SEC:

      (2)  execute for and on behalf of the Reporting
Person, in the Reporting Person's capacity as a
director and/or officer of MercadoLibre, Inc. (the
"Company"), Forms 3, 4 and 5 in accordance with
Section 16(a) of the Securities Exchange Act of 1934
and the rules thereunder:

      (3)  do and perform any and all acts for and on
behalf of the Reporting Person which may be necessary
or desirable to complete and execute any such Form 3,
4 or 5, complete and execute any amendment or
amendments thereto, and timely file such form with the
SEC and any stock exchange or similar authority: and

      (4)  take any other action of any type whatsoever
in connection with the foregoing which, in the opinion
of such attorney-in-fact, may be of benefit to, in the
best interest of, or legally required by, the
Reporting Person, it being understood that the
documents executed by such attorney-in-fact on behalf
of the Reporting Person pursuant to this Power of
Attorney shall be in such form and shall contain such
terms and conditions as such attorney-in-fact may
approve in such attorney-in-fact's discretion.

     The Reporting Person grants to such attorney-in-
fact full power and authority to do and perform any
and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of any
of the rights and powers herein granted, as fully to
all intents and purposes as the Reporting Person might
or could do if personally present, with full power of
substitution or revocation, hereby ratifying and
confirming all that such attorney-in-fact shall
lawfully do or cause to be done by virtue of this
Power of Attorney and the rights and powers herein
granted.  The Reporting Person acknowledges that the
foregoing attorney-in-fact, in serving in such
capacity at the request of the Reporting Person, is
not assuming, nor is the Company assuming, any of the
Reporting Person's responsibilities to comply with
Section 16 of the Securities Exchange Act of 1934.

     This Power of Attorney shall remain in effect
until the Reporting Person is no longer required to
file Forms 3, 4 and 5 with respect to the Reporting
Person's holdings of, and transactions in securities
issued by, the Company, unless earlier revoked by the
Reporting Person in a signed writing delivered to the
attorney-in-fact.

     IN WITNESS WHEREOF, the Reporting Person has
caused this Power of Attorney to be executed on
December 23th, 2014.



             /s/ Roberto Balls Sallouti
               Roberto Balls Sallouti