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Montevideo, Uruguay

Legislative Palace, Montevideo. Wikimedia Commons.

Uruguay Resident Representative Site

Resident Representative Office in Uruguay

This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Uruguay and the IMF. Additional information can be found on Uruguay and IMF country page, including official IMF reports and Executive Board documents in English and Spanish that deal with Uruguay.

News and Highlights

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Strong Recovery in Latin America, But Eye on Overheating

With many Latin American and Caribbean economies recovering faster than anticipated, the challenge for policymakers is ensuring a moderation in domestic demand to avoid overheating, the IMF said. click for more

Larger Latin American Economies Recovering Faster than Expected

Latin American countries are recovering more strongly than expected from the global recession, but the pace of that recovery varies across the region, said Nicolás Eyzaguirre, Director of the IMF’s Western Hemisphere Department. click for more

Post-Crisis Bank Behavior: Lessons from Mercosur

Working Paper by Sanya, Sarah O. | Mlachila, Montfort click for more

Uruguay and The IMF

Navigating Monetary Policy in the New Normal, Monetary Policy in a Changing Financial Landscape, Speech by Christine Lagarde at the ECB Forum on Central Banking

May 25, 2014

Transcript of a Press Briefing: Western Hemisphere Department

April 12, 2014

Press Release: Statement by IMF Deputy Managing Director Naoyuki Shinohara at the Conclusion of his Visit to Uruguay

February 28, 2014

Uruguay: Report on the Observance of Standards and Codes—Data Module

February 11, 2014
Series: Country Report No. 14/42 click for more

Uruguay: Staff Report for the 2013 Article IV Consultation

January 10, 2014
Series: Country Report No. 14/6 click for more

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Regional Economic Outlook: Western Hemisphere

image from the publication cover

Growth across Latin America and the Caribbean is expected to remain subdued at 2.5 percent in 2014. The firming recovery in the advanced economies will support export activity, but this positive impulse is likely to be offset in many countries by the impact of lower commodity prices, tighter external financing conditions, and domestic supply bottlenecks. Renewed volatility in financial markets and a sharper-than-expected decline in commodity prices represent distinct downside risks. Faced with these challenges, policymakers should seek to preserve credible policy frameworks and ensure sufficient buffers to cope with adverse shocks. For fiscal policy, a neutral to tighter stance will be appropriate in most countries, while exchange rate flexibility and proactive supervision of the financial system should serve as the principal defenses against external volatility. To boost medium-term growth prospects, further efforts are needed to raise infrastructure investment, improve educational outcomes, and enhance the business environment. Click for more