## 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

_IMF Staff Country Reports, February 1, 2008_

## Source details

**Canonical URL:** [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](https://www.imf.org/en/publications/cr/issues/2016/12/31/uruguay-2007-article-iv-consultation-staff-report-staff-statement-public-information-notice-21654)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/uruguay-2007-article-iv-consultation-staff-report-staff-statement-public-information-notice-21654/index.md)
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## Bibliographic details
- Published: February 1, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451839401.002

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### Overview and Near-Term Outlook
- 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.

### Main Short-Term Challenge
- Rising inflation in the wake of vigorous growth and capital inflows.

### Recent Progress and Remaining Vulnerabilities
- The reduction of vulnerabilities in recent years has been a major accomplishment.
- Important challenges remain despite progress.

### Monetary Policy
- The objectives and instruments of monetary policy should be clarified.

### Fiscal Policy
- Maintaining high primary fiscal surpluses is essential to reduce the debt burden.

### Structural and Business Climate Issues
- Further improving the business climate is key.

### Subject Areas and Keywords
- 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

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## Content in this bundle

- **1. Macroeconomic Performance**
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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/uruguay-2007-article-iv-consultation-staff-report-staff-statement-public-information-notice-21654_