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
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.
Uruguay and The IMF
May 31, 2013
Series: Country Report No. 13/152
May 8, 2013
Series: Country Report No. 13/109
May 8, 2013
Series: Country Report No. 13/108
Regional Economic Outlook: Western Hemisphere
Growth in Latin America and the Caribbean (LAC) remains in low gear, reflecting a less supportive external environment and, in some cases, domestic supply-side constraints. The region's output is projected to expand by 2¾ percent in 2013, with domestic demand remaining the main driver. The growth rate is expected to edge up to 3 percent in 2014 as external demand strengthens gradually, but will remain below the average growth rate of the last decade. In countries with low inflation and anchored inflation expectations, monetary policy should be the first line of defense if downside risks to the baseline materialize. Fiscal consolidation remains appropriate for countries with tight capacity constraints or limited fiscal space; it will also help constrain the continued widening of current account deficits. Safeguarding financial stability is a key priority in an environment of tighter global financial conditions and increased asset price volatility.