Argentina hosted the 2011 competition and was ousted by Uruguay in the quarterfinals by penalty shootout. Uruguay would go on defeating Peru 2–0 in the semis to reach the finals and overpower Paraguay 3–0, thus winning the trophy on Argentinean soil for the third time and second in a row. This, the 43rd edition, was the first time that neither Argentina nor Brazil reached the semifinals of a tournament they both had entered.