IMF Staff Country Reports

Uruguay: 2012 Article IV Consultation

May 8, 2013

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Uruguay: 2012 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed December 4, 2024

Summary

Uruguay’s near-term outlook is positive, but with risks and policy challenges. Medium-term challenges include bolstering the economy’s resilience to shocks and fostering productivity growth. Inflation is a priority and monetary policy cannot fight inflation alone; concerted efforts on other fronts are also necessary. Near-term fiscal policy could better support monetary policy. A long-term policy challenge is to bolster growth prospects and reduce output volatility. The political cycle should be propitious for continued sound policies and progress with reforms.

Subject: Balance of payments, Capital inflows, Inflation, Inflation targeting, Monetary policy, Prices, Public debt, Reserve requirements

Keywords: Base period, Capital inflows, Capital market, Center, Central bank bank paper, Consumer price index, CR, Currency appreciation, Europe, Financial system, Fiscal policy, Foreign currency, Global, Inflation, Inflation expectation, Inflation targeting, Inter-American Development Bank, ISCR, Monetary policy space, Net loan, Output gap, Price shock, Reserve requirements, Tackling inflation

Publication Details

  • Pages:

    60

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2013/108

  • Stock No:

    1URYEA2013001

  • ISBN:

    9781484318089

  • ISSN:

    1934-7685