Uruguay: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Uruguay

May 23, 2023

Preview Citation

Format: Chicago

Uruguay: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Uruguay, (USA: International Monetary Fund, 2023) accessed November 22, 2024

Summary

Uruguay showed strong resilience during the Covid-19 pandemic, owing to its high institutional quality, strong governance, and the authorities’ policy responses. Scarring effects in real activity and the labor market were mitigated somewhat by the authorities’ well-targeted responses. The authorities’ strong track record of implementing sound macroeconomic policies in a challenging environment has improved the country’s resilience to shocks. Since September 2022, the country is undergoing the most severe drought in forty years.

Subject: External debt, Financial services, Fiscal policy, Fiscal stance, Inflation, International organization, Monetary policy, Prices, Public debt

Keywords: Caribbean, Fiscal stance, Global, Government finance statistics yearbook, Inflation, Inflation expectation, Policy credibility, Policy issue, Step-down interest rate structure

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/178
Stock No:

1URYEA2023001
ISBN:

9798400244155
ISSN:

1934-7685

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