IMF Staff Country Reports

Uruguay: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Uruguay

Publication Date:

May 23, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Uruguay showed strong resilience during the Covid-19 pandemic, owing to its high institutional quality, strong governance, and the authorities’ policy responses. Scarring effects in real activity and the labor market were mitigated somewhat by the authorities’ well-targeted responses. The authorities’ strong track record of implementing sound macroeconomic policies in a challenging environment has improved the country’s resilience to shocks. Since September 2022, the country is undergoing the most severe drought in forty years.

Series:

Country Report No. 2023/178

Subject:

External debt Financial services Fiscal policy Fiscal stance Inflation International organization Monetary policy Prices Public debt

Frequency:

regular