Uruguay: Ex Post Assessment of Longer-Term Program Engagement—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Uruguay

June 15, 2005

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Uruguay: Ex Post Assessment of Longer-Term Program Engagement—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Uruguay, (USA: International Monetary Fund, 2005) accessed November 23, 2024

Summary

This paper presents an Ex Post Assessment of Longer-Term Program Engagement for Uruguay. Uruguay has had a series of Stand-By Arrangements that were treated mostly as precautionary between March 1996 and early 2002. These were viewed as a helpful seal of approval, and a vehicle for intensive IMF monitoring. The authorities undertook significant reforms during this period—notably a pension reform, a reduction in public employment, and a lengthening of wage indexation lags. However, other reforms were either not undertaken or completed with a delay.

Subject: Banking, Commercial banks, Expenditure, Financial crises, Financial institutions, Pension spending, Public debt, State-owned banks

Keywords: Commercial banks, CR, Debt-sustainability assessment, Financial support, Fund, Fund financial support, Fund involvement, Global, IMF executive board reviews Uruguay's performance, ISCR, Pension spending, State-owned banks, Sustainability analysis, Uruguay

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/202
Stock No:

1URYEA2005003
ISBN:

9781451839302
ISSN:

1934-7685

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