{
  "title": "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",
  "publication": "IMF Staff Country Reports, April 25, 2003",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/uruguay-second-review-under-the-stand-by-arrangement-requests-for-modification-and-extension-16512",
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  "summary": "This 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.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- 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.\n- Progress on the structural front has been mixed.\n- The macroeconomic framework is based on a return to economic growth.\n- Notwithstanding the risks to the program, the IMF staff recommends:\n  - completion of the second review;\n  - approval of the authorities’ requests for waivers;\n  - extension of the arrangement; and\n  - rephasing of purchases."
    },
    {
      "heading": "Key findings and focal areas",
      "content": "- Progress on structural reforms: mixed.\n- Macroeconomic strategy: centered on returning to economic growth.\n- Program assessment: risks present but staff supports moving forward with review completion and requested approvals."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subjects:\n  - Banking\n  - Central banks\n  - Commercial banks\n  - Economic sectors\n  - External debt\n  - Financial institutions\n  - International reserves\n  - Public debt\n  - Public sector\n- Keywords:\n  - Caribbean\n  - Commercial banks\n  - CR\n  - debt\n  - debt exchange\n  - Europe\n  - financing\n  - government debt exchange\n  - growth prospect\n  - International reserves\n  - ISCR\n  - market financing\n  - Public sector\n  - stand-by credit arrangement\n  - Uruguay\n  - Uruguay's financing needs"
    },
    {
      "heading": "Publication and document specifics",
      "content": "- Date: April 25, 2003\n- Pages: 72\n- Volume: 2003\n- Issue: 116\n- Series: Country Report No. 2003/116\n- DOI: https://doi.org/10.5089/9781451839227.002\n- Stock No: 1URYEA0012003\n- ISBN: 9781451839227\n- ISSN: 1934-7685\n\nInternational 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).\n\n---\n\n Content in this bundle\n\n- cr03116\n  - cr03116 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr03116 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 25, 2003",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451839227.002",
    "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:",
    "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.",
    "Subjects:",
    "Keywords:",
    "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",
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