Uruguay: Second Review Under the Stand-By Arrangement, Requests for Modification and Extension of the Arrangement, and Waiver of Nonobservance and Applicability of Performance Criteria, and Exchange System — Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uruguay
IMF Staff Country Reports, April 25, 2003
Source details
- Canonical URL
- Uruguay: Second Review Under the Stand-By Arrangement, Requests for Modification and Extension of the Arrangement, and Waiver of Nonobservance and Applicability of Performance Criteria, and Exchange System — Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uruguay
Other formats
Bibliographic details
- Published: April 25, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451839227.002
Summary
- Paper examines Uruguay’s Second Review Under the Stand-By Arrangement, Requests for Modification and Extension of the Arrangement, and Waiver of Nonobservance and Applicability of Performance Criteria and Exchange System.
- Progress on the structural front has been mixed.
- The macroeconomic framework is based on a return to economic growth.
- Notwithstanding the risks to the program, the IMF staff recommends:
- completion of the second review;
- approval of the authorities’ requests for waivers;
- extension of the arrangement; and
- rephasing of purchases.
Key findings and focal areas
- Progress on structural reforms: mixed.
- Macroeconomic strategy: centered on returning to economic growth.
- Program assessment: risks present but staff supports moving forward with review completion and requested approvals.
Subject coverage and keywords
- Subjects:
- Banking
- Central banks
- Commercial banks
- Economic sectors
- External debt
- Financial institutions
- International reserves
- Public debt
- Public sector
- Keywords:
- Caribbean
- Commercial banks
- CR
- debt
- debt exchange
- Europe
- financing
- government debt exchange
- growth prospect
- International reserves
- ISCR
- market financing
- Public sector
- stand-by credit arrangement
- Uruguay
- Uruguay's financing needs
Publication and document specifics
- Date: April 25, 2003
- Pages: 72
- Volume: 2003
- Issue: 116
- Series: Country Report No. 2003/116
- DOI: https://doi.org/10.5089/9781451839227.002
- Stock No: 1URYEA0012003
- ISBN: 9781451839227
- ISSN: 1934-7685
International Monetary Fund. Uruguay: Second Review Under the Stand-By Arrangement, Requests for Modification and Extension of the Arrangement, and Waiver of Nonobservance and Applicability of Performance Criteria, and Exchange System — Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uruguay (April 25, 2003).