IMF Staff Country Reports

Uruguay: Financial System Stability Assessment

Publication Date:

May 31, 2013

Electronic Access:

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Summary:

The buffers built in the aftermath of Uruguay’s 2002 banking crisis have shielded the financial sector from the effects of the global financial turmoil. Growth has been robust and the outlook continues to be favorable. However, inflation persists but capital inflows have improved, and policy measures have been taken in response. Uruguay exhibits no obvious signs of near-term domestic macrofinancial vulnerability. The external risks to the economy and the financial system come from a fragile global environment, and policy measures are recommended to reduce dollarization.

Series:

Country Report No. 2013/152

Subject:

Banking Capital markets Commercial banks Credit Expenditure Financial institutions Financial markets Financial regulation and supervision Money Pension spending