{
  "title": "Uruguay: Ex Post Assessment of Longer-Term Program Engagement—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Uruguay",
  "publication": "IMF Staff Country Reports, June 15, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/uruguay-ex-post-assessment-of-longer-term-program-engagement-staff-report-public-information-18327",
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  "summary": "This paper presents an Ex Post Assessment of Longer-Term Program Engagement for Uruguay. Uruguay has had a series of Stand-By Arrangements that were treated mostly as precautionary between March 1996 and early 2002.",
  "publishDate": "2005-06-15",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Executive summary and context",
      "content": "- This paper presents an Ex Post Assessment of Longer-Term Program Engagement for Uruguay.\n- Uruguay had a series of Stand-By Arrangements that were treated mostly as precautionary between March 1996 and early 2002.\n- These arrangements were viewed as a helpful seal of approval and as a vehicle for intensive IMF monitoring.\n- The authorities undertook significant reforms during this period—notably a pension reform, a reduction in public employment, and a lengthening of wage indexation lags.\n- Other reforms were either not undertaken or completed with a delay."
    },
    {
      "heading": "Key findings and policy-relevant observations",
      "content": "- Stand-By Arrangements (March 1996–early 2002) functioned primarily as precautionary support and strengthened monitoring capacity.\n- Major reforms completed:\n  - Pension reform.\n  - Reduction in public employment.\n  - Lengthening of wage indexation lags.\n- Implementation gaps:\n  - Several other reforms were either not undertaken or were completed with a delay."
    },
    {
      "heading": "Subject areas and keywords (as listed)",
      "content": "- Subject: Banking, Commercial banks, Expenditure, Financial crises, Financial institutions, Pension spending, Public debt, State-owned banks\n- Keywords: Commercial banks, CR, debt-sustainability assessment, financial support, fund, fund financial support, fund involvement, Global, IMF executive board reviews Uruguay's performance, ISCR, Pension spending, State-owned banks, sustainability analysis, Uruguay"
    },
    {
      "heading": "Publication metadata and identifiers",
      "content": "- Publication date: June 15, 2005\n- Pages: 51\n- Volume: 2005\n- Issue: 202\n- Series: Country Report No. 2005/202\n- DOI: https://doi.org/10.5089/9781451839302.002\n- Stock No: 1URYEA2005003\n- ISBN: 9781451839302\n- ISSN: 1934-7685\n\nInternational Monetary Fund. \"Uruguay: Ex Post Assessment of Longer-Term Program Engagement—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Uruguay\", IMF Staff Country Reports 2005, 202 (2005), June 15, 2005.\n\n---\n\n Content in this bundle\n\n- cr05202\n  - cr05202 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr05202 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/uruguay-ex-post-assessment-of-longer-term-program-engagement-staff-report-public-information-18327"
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    "Published: June 15, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451839302.002",
    "This paper presents an Ex Post Assessment of Longer-Term Program Engagement for Uruguay.",
    "Uruguay had a series of Stand-By Arrangements that were treated mostly as precautionary between March 1996 and early 2002.",
    "These arrangements were viewed as a helpful seal of approval and as a vehicle for intensive IMF monitoring.",
    "The authorities undertook significant reforms during this period—notably a pension reform, a reduction in public employment, and a lengthening of wage indexation lags.",
    "Other reforms were either not undertaken or completed with a delay.",
    "Stand-By Arrangements (March 1996–early 2002) functioned primarily as precautionary support and strengthened monitoring capacity.",
    "Major reforms completed:",
    "Implementation gaps:",
    "Subject: Banking, Commercial banks, Expenditure, Financial crises, Financial institutions, Pension spending, Public debt, State-owned banks",
    "Keywords: Commercial banks, CR, debt-sustainability assessment, financial support, fund, fund financial support, fund involvement, Global, IMF executive board reviews Uruguay's performance, ISCR, Pension spending, State-owned banks, sustainability analysis, Uruguay",
    "Publication date: June 15, 2005",
    "Pages: 51",
    "Volume: 2005",
    "Issue: 202",
    "Series: Country Report No. 2005/202",
    "DOI: https://doi.org/10.5089/9781451839302.002",
    "Stock No: 1URYEA2005003",
    "ISBN: 9781451839302",
    "ISSN: 1934-7685",
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