Uruguay: Second Review Under the Stand-By Arrangement, and Request for Waiver of a Performance Criterion—Staff Report; and News Brief on Executive Board Discussion

October 24, 2001

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Format: Chicago

Uruguay: Second Review Under the Stand-By Arrangement, and Request for Waiver of a Performance Criterion—Staff Report; and News Brief on Executive Board Discussion, (USA: International Monetary Fund, 2001) accessed November 23, 2024

Summary

Uruguay is facing a third year of negative output growth. It, however, is making progress with economic adjustment. The government has taken a calculated risk by doubling the pace of depreciation of the exchange rate band. The government is committed to strengthening the underlying fiscal position in 2002 and the medium term for a turnaround in the debt/GDP ratio. Measures such as the public sector banks need to be reformed. The deregulation of the economy and providing additional opportunities for private sector investment are being taken up.

Subject: Banking, Economic sectors, Exchange rates, External debt, Financial institutions, Financial statements, Foreign exchange, Loans, Public financial management (PFM), Public sector

Keywords: CR, Debt service, Deregulation, Deregulation of the economy, Europe, Exchange rates, Executive board discussion, Expenditure policy, Financial statements, ISCR, Loans, Public sector, Short-term debt, Stand-by credit, Uruguay's performance

Publication Details

Pages:

45
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/185
Stock No:

1URYEA0042001
ISBN:

9781451839289
ISSN:

1934-7685

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