Uruguay: Second Review under the Stand-By Arrangement, Requests for Modification, Waiver of Nonobservance and Applicability of Performance Criteria, and Extension of Repurchase Expectations in the Credit Tranches
March 24, 2006
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Uruguay’s Second Review Under the Stand-By Arrangement and Requests for Modification, Waiver of Nonobservance and Applicability of Performance Criteria are discussed. Growth remains robust, inflation is subdued, and the external position continues to strengthen, with buoyant exports and upward pressure on the peso. Fiscal performance has been better than expected, with public debt continuing to fall as a percentage of GDP. Structural reforms are also progressing well, with key new reform initiatives under way in several areas.
Subject: Banking, Central banks, Credit, Deposit insurance, Exports, External debt, International reserves, International trade, Money, Public debt
Keywords: authorities' intention, central bank, CR, Credit, end-December PC, Exports, Global, government, inflation expectation, International reserves, ISCR, recapitalization plan, reform legislation
Pages:
84
Volume:
2006
DOI:
Issue:
123
Series:
Country Report No. 2006/123
Stock No:
1URYEA2006001
ISBN:
9781451839333
ISSN:
1934-7685
