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

International Monetary Fund

No 2001/185, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

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 (search for similar items in EconPapers)
Pages: 45
Date: 2001-10-24
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