Uruguay: Fifth Review Under the Stand—By Arrangement and Requests for Modification of the Arrangement and Waiver of Nonobservance and Applicability of Performance Criteria—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uruguay
October 20, 2004
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This paper examines Uruguay’s Fifth Review Under the Stand-By Arrangement and Requests for Modification of the Arrangement and Waiver of Nonobservance and Applicability of Performance Criteria. The macroeconomic framework is broadly on track, but progress with structural reform remains uneven. Fiscal performance has been better than programmed, reflecting buoyant revenues. The monetary and balance-of-payments targets of the program have been met. Although program risks have diminished further since the last review, important vulnerabilities remain, leaving no room for policy slippages.
Subject: Bank liquidation, Banking, Commercial banks, Currencies, External debt, Financial crises, Financial institutions, Money, Public debt
Keywords: asset disposal strategy, asset management firm, Banco de Crédito, Bank liquidation, central bank, Commercial banks, CR, Currencies, Europe, Global, inflation target range, ISCR, liquidated bank, SDR, Uruguay's performance
Pages:
78
Volume:
2004
DOI:
Issue:
327
Series:
Country Report No. 2004/327
Stock No:
1URYEA0022004
ISBN:
9781451839265
ISSN:
1934-7685
