Cover IMF Staff Country Reports
Uruguay: Ex Post Assessment of Longer-Term Program Engagement—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Uruguay
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 202
Language:
English
Publication Date:
15 Jun 2005
DOI:
https://doi.org/10.5089/9781451839302.002
ISBN:
9781451839302
ISSN:
1934-7685
Pages:
51
Keywords:
ISCR; CR; debt-sustainability assessment; IMF executive board reviews Uruguay's performance; Uruguay; financial support; fund; fund financial support; fund involvement; sustainability analysis; Commercial banks; State-owned banks; Pension spending; Global
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This paper presents an Ex Post Assessment of Longer-Term Program Engagement for Uruguay. Uruguay has had a series of Stand-By Arrangements that were treated mostly as precautionary between March 1996 and early 2002. These were viewed as a helpful seal of approval, and a vehicle for intensive IMF monitoring. The authorities undertook significant reforms during this period—notably a pension reform, a reduction in public employment, and a lengthening of wage indexation lags. However, other reforms were either not undertaken or completed with a delay.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund