IMF Staff Country Reports

Uruguay: 2024 Article IV Consultation-Press Release and Staff Report

Publication Date:

July 11, 2024

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

In 2023, Uruguay confronted the impact of a once-in-a-century drought, causing significant direct losses to the primary sector. The economic situation in Argentina created further headwinds for Uruguay, although with no signs of financial spillovers. The economy remained resilient, owing to the authorities’ sound macroeconomic policies, the country’s political stability, and strong institutions. The current administration, in office since 2020, has implemented a significant upgrade of the fiscal and monetary policy frameworks and has advanced decisive structural reforms. Consolidating these gains should be the most important priority.

Series:

Country Report No. 2024/215

Subject:

Anti-money laundering and combating the financing of terrorism (AML/CFT) Crime External debt Fiscal policy Fiscal stance Inflation Prices Public debt

Frequency:

regular