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
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Summary:
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.
Series:
Country Report No. 2005/202
Subject:
Banking Commercial banks Expenditure Financial crises Financial institutions Pension spending Public debt State-owned banks
English
Publication Date:
June 15, 2005
ISBN/ISSN:
9781451839302/1934-7685
Stock No:
1URYEA2005003
Pages:
51
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