IMF Staff Country Reports

Uruguay: Fifth Review Under the Stand—By Arrangement and Requests for Modification of the Arrangement and Waiver of Nonobservance and Applicability of Performance Criteria—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uruguay

October 20, 2004

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Uruguay: Fifth Review Under the Stand—By Arrangement and Requests for Modification of the Arrangement and Waiver of Nonobservance and Applicability of Performance Criteria—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uruguay, (USA: International Monetary Fund, 2004) accessed November 21, 2024

Summary

This paper examines Uruguay’s Fifth Review Under the Stand-By Arrangement and Requests for Modification of the Arrangement and Waiver of Nonobservance and Applicability of Performance Criteria. The macroeconomic framework is broadly on track, but progress with structural reform remains uneven. Fiscal performance has been better than programmed, reflecting buoyant revenues. The monetary and balance-of-payments targets of the program have been met. Although program risks have diminished further since the last review, important vulnerabilities remain, leaving no room for policy slippages.

Subject: Bank liquidation, Banking, Commercial banks, Currencies, External debt, Financial crises, Financial institutions, Money, Public debt

Keywords: Asset disposal strategy, Asset management firm, Banco de Crédito, Bank liquidation, Central bank, Commercial banks, CR, Currencies, Europe, Global, Inflation target range, ISCR, Liquidated bank, SDR, Uruguay's performance

Publication Details

  • Pages:

    78

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2004/327

  • Stock No:

    1URYEA0022004

  • ISBN:

    9781451839265

  • ISSN:

    1934-7685

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