Cover IMF Staff Country Reports
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
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2001: Issue 185
Language:
English
Publication Date:
24 Oct 2001
DOI:
https://doi.org/10.5089/9781451839289.002
ISBN:
9781451839289
ISSN:
1934-7685
Pages:
45
Keywords:
ISCR; CR; expenditure policy; stand-by credit; deregulation of the economy; Uruguay's performance; deregulation; executive board discussion; debt service; short-term debt; Public sector; Financial statements; Exchange rates; Loans; Europe
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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.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund