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
June 15, 2005
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
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.
Subject: Banking, Commercial banks, Expenditure, Financial crises, Financial institutions, Pension spending, Public debt, State-owned banks
Keywords: Commercial banks, CR, debt-sustainability assessment, financial support, fund, fund financial support, fund involvement, Global, IMF executive board reviews Uruguay's performance, ISCR, Pension spending, State-owned banks, sustainability analysis, Uruguay
Pages:
51
Volume:
2005
DOI:
Issue:
202
Series:
Country Report No. 2005/202
Stock No:
1URYEA2005003
ISBN:
9781451839302
ISSN:
1934-7685
