Uruguay: First Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria: Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for Uruguay

International Monetary Fund

No 2005/431, IMF Staff Country Reports from International Monetary Fund

Abstract: Uruguay’s First Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria are discussed. Growth has slowed from the strong post-crisis recovery, and inflation has remained subdued. Export growth has been strong, and although a sharp recovery in imports contributed to an increase in the external current account deficit, capital inflows have helped raise international reserves. The government is developing a broad agenda of growth-enhancing reforms, focused on attracting more private investment as the key engine of future growth and social progress in Uruguay.

Keywords: ISCR; CR; nonfinancial public sector debt; staff appraisal; government; surplus; IMF staff representative; government regulation; Uruguayan authorities; authorities' goal; Budget planning and preparation; Public sector; International reserves; Europe (search for similar items in EconPapers)
Pages: 76
Date: 2005-12-12
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