Uruguay: Ex-Post Evaluation of Exceptional Access Under the 2005 Stand-By Arrangement
February 1, 2008
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The IMF forged an important partnership with the Uruguayan government aiming to help the country overcome its worst financial and economic crisis. The early termination of the program is seen as a sign of success, primarily for the government and also for the IMF. The delays and the unfinished structural agenda were a disappointment. In future, the government should continue to take advantage of the opportunity offered by the favorable environment to place the economy on a sound footing, and protect it against abrupt market reversals.
Subject: Banking, Central Banks, Commercial banks, Financial crises, Financial institutions, Fiscal stance, Inflation, International reserves, Prices, Public debt
Keywords: banking system, Commercial banks, CR, debt service, economic crisis, exchange rate, financial situation, financial support, fund financing, fund resource, fund staff estimate, Global, growth performance, Inflation, International reserves, ISCR, liquidity position, market access, police fund reform, private sector, reform agenda
Pages:
36
Volume:
2008
DOI:
Issue:
047
Series:
Country Report No. 2008/047
Stock No:
1URYEA2008003
ISBN:
9781451839425
ISSN:
1934-7685
