International Monetary Fund. Western Hemisphere Dept.
This Selected Issues paper reviews Uruguay’s experience with inclusive growth over the last two decades, and identifies challenges and policy options to promote greater equality going forward. Uruguay has a long history of high living standards comparable to many developed countries, and has made further progress in improving social conditions since 2005 on the back of strong economic growth and active social policies. Looking ahead, preserving macroeconomic stability is essential to sustain these gains. For the longer term, improving access to quality education will be the key to enhance social mobility.
International Monetary Fund. External Relations Dept.
Leaders of the Group of Eight countries gathered in Kananaskis, Canada, June 26–27, for a summit that focused on terrorism, the global economy, and building a new partnership for Africa’s development. It was their first meeting since the terrorist attacks of September 11. It was announced that Russia, which since 1997 has participated in summit meetings with the Group of Seven immediately following the annual G-7 summits, and which this year participated more fully as a member of the summit group, will in 2006 assume the presidency of the G-8 and host the summit. The June 2003 summit will be held in France.