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

International Monetary Fund

No 2005/202, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

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 (search for similar items in EconPapers)
Pages: 51
Date: 2005-06-15
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