IMF Staff Country Reports

Uruguay: Second Review Under the Stand-By Arrangement, Requests for Modification and Extension of the Arrangement, and Waiver of Nonobservance and Applicability of Performance Criteria, and Exchange System — Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uruguay

April 25, 2003

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Uruguay: Second Review Under the Stand-By Arrangement, Requests for Modification and Extension of the Arrangement, and Waiver of Nonobservance and Applicability of Performance Criteria, and Exchange System — Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uruguay, (USA: International Monetary Fund, 2003) accessed November 23, 2024

Summary

This paper examines Uruguay’s Second Review Under the Stand-By Arrangement, Requests for Modification and Extension of the Arrangement, and Waiver of Nonobservance and Applicability of Performance Criteria and Exchange System. Progress on the structural front has been mixed. The macroeconomic framework is based on a return to economic growth. Notwithstanding the risks to the program, the IMF staff recommends completion of the second review and approval of the authorities’ requests for waivers, extension of the arrangement, and rephasing of purchases.

Subject: Banking, Central banks, Commercial banks, Economic sectors, External debt, Financial institutions, International reserves, Public debt, Public sector

Keywords: Caribbean, Commercial banks, CR, Debt, Debt exchange, Europe, Financing, Government debt exchange, Growth prospect, International reserves, ISCR, Market financing, Public sector, Stand-by credit arrangement, Uruguay, Uruguay's financing needs

Publication Details

  • Pages:

    72

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2003/116

  • Stock No:

    1URYEA0012003

  • ISBN:

    9781451839227

  • ISSN:

    1934-7685

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