{
  "title": "Uruguay: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Uruguay",
  "publication": "IMF Staff Country Reports, February 1, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/uruguay-2007-article-iv-consultation-staff-report-staff-statement-public-information-notice-21654",
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  "summary": "Sound policies and favorable external conditions have led to a strong economic recovery, but important challenges lie ahead. Uruguay’s near-term economic prospects are generally favorable. The main short-term challenge is rising inflation in the wake of vigorous growth and capital inflows.",
  "publishDate": "2008-02-01",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Overview and Near-Term Outlook",
      "content": "- Sound policies and favorable external conditions have led to a strong economic recovery.\n- Uruguay’s near-term economic prospects are generally favorable.\n- Publication date: February 1, 2008."
    },
    {
      "heading": "Main Short-Term Challenge",
      "content": "- Rising inflation in the wake of vigorous growth and capital inflows."
    },
    {
      "heading": "Recent Progress and Remaining Vulnerabilities",
      "content": "- The reduction of vulnerabilities in recent years has been a major accomplishment.\n- Important challenges remain despite progress."
    },
    {
      "heading": "Monetary Policy",
      "content": "- The objectives and instruments of monetary policy should be clarified."
    },
    {
      "heading": "Fiscal Policy",
      "content": "- Maintaining high primary fiscal surpluses is essential to reduce the debt burden."
    },
    {
      "heading": "Structural and Business Climate Issues",
      "content": "- Further improving the business climate is key."
    },
    {
      "heading": "Subject Areas and Keywords",
      "content": "- Subject: Banking, Credit, Currencies, External debt, Inflation, Money, Prices, Public debt\n- Keywords: authorities' target range, CR, Credit, Currencies, envisaged target, Global, government, Inflation, inflation-indexed note, ISCR, July, percent, sovereign spread, staff appraisal, staff representative\n\n---\n\n Content in this bundle\n\n- 1. Macroeconomic Performance\n  - 1. Macroeconomic Performance (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1. Macroeconomic Performance (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/uruguay-2007-article-iv-consultation-staff-report-staff-statement-public-information-notice-21654"
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    "Published: February 1, 2008",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451839401.002",
    "Sound policies and favorable external conditions have led to a strong economic recovery.",
    "Uruguay’s near-term economic prospects are generally favorable.",
    "Publication date: February 1, 2008.",
    "Rising inflation in the wake of vigorous growth and capital inflows.",
    "The reduction of vulnerabilities in recent years has been a major accomplishment.",
    "Important challenges remain despite progress.",
    "The objectives and instruments of monetary policy should be clarified.",
    "Maintaining high primary fiscal surpluses is essential to reduce the debt burden.",
    "Further improving the business climate is key.",
    "Subject: Banking, Credit, Currencies, External debt, Inflation, Money, Prices, Public debt",
    "Keywords: authorities' target range, CR, Credit, Currencies, envisaged target, Global, government, Inflation, inflation-indexed note, ISCR, July, percent, sovereign spread, staff appraisal, staff representative",
    "**1. Macroeconomic Performance**"
  ],
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