IMF Staff Country Reports

Uruguay: Recent Economic Developments

March 16, 2001

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International Monetary Fund. "Uruguay: Recent Economic Developments", IMF Staff Country Reports 2001, 047 (2001), accessed November 9, 2025, https://doi.org/10.5089/9781451839241.002

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Summary

The paper examines the extent to which the recent evolution of the consolidated public sector balance in Uruguay reflects the business cycle. Fiscal policies have generally been cautious, even though some structural reforms, the electoral cycle, and recessions in recent years increased the deficit. Bank soundness indicators differ substantially between private and public banks in Uruguay. The private banking system appears sound. Public banks did not fare as well during the recession, and their soundness needs to be addressed.

Subject: Banking, Commercial banks, Economic sectors, Financial institutions, Fiscal policy, Fiscal stance, Loans, Public sector, State-owned banks

Keywords: Banking system, Base year, Central bank, Commercial banks, CR, Economic activity, Europe, Exchange rate, Fiscal stance, Global, ISCR, Loans, Output gap, Private sector, Public sector, Return on equity, State-owned banks, U.S. dollar

Publication Details

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