{
  "title": "Uruguay: Financial System Stability Assessment",
  "publication": "IMF Staff Country Reports, May 31, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/uruguay-financial-system-stability-assessment-40627",
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  "summary": "The buffers built in the aftermath of Uruguay’s 2002 banking crisis have shielded the financial sector from the effects of the global financial turmoil. Growth has been robust and the outlook continues to be favorable.",
  "publishDate": "2013-05-31",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The buffers built in the aftermath of Uruguay’s 2002 banking crisis have shielded the financial sector from the effects of the global financial turmoil.\n- Growth has been robust and the outlook continues to be favorable.\n- Inflation persists but capital inflows have improved, and policy measures have been taken in response.\n- Uruguay exhibits no obvious signs of near-term domestic macrofinancial vulnerability.\n- The external risks to the economy and the financial system come from a fragile global environment.\n- Policy measures are recommended to reduce dollarization."
    },
    {
      "heading": "Major Findings",
      "content": "- Banking-sector resilience: Buffers established after the 2002 banking crisis have provided protection against global financial turmoil.\n- Macroeconomic performance: Growth has been robust and the outlook continues to be favorable.\n- Inflation and capital flows: Inflation persists; capital inflows have improved and policy measures have been taken in response.\n- Macrofinancial vulnerability: No obvious signs of near-term domestic macrofinancial vulnerability were identified.\n- External risk exposure: External risks stem primarily from a fragile global environment."
    },
    {
      "heading": "Policy Recommendations",
      "content": "- Implement measures to reduce dollarization in the financial system.\n\n---\n\n Content in this bundle\n\n- Uruguay: Financial System Stability Assessment; IMF Country Report 13/152; November 29, 2012\n  - Uruguay: Financial System Stability Assessment; IMF Country Report 13/152; November 29, 2012 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Uruguay: Financial System Stability Assessment; IMF Country Report 13/152; November 29, 2012 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/uruguay-financial-system-stability-assessment-40627"
    }
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    "[Markdown version](/en/publications/cr/issues/2016/12/31/uruguay-financial-system-stability-assessment-40627/index.md)",
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    "Published: May 31, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484399255.002",
    "The buffers built in the aftermath of Uruguay’s 2002 banking crisis have shielded the financial sector from the effects of the global financial turmoil.",
    "Growth has been robust and the outlook continues to be favorable.",
    "Inflation persists but capital inflows have improved, and policy measures have been taken in response.",
    "Uruguay exhibits no obvious signs of near-term domestic macrofinancial vulnerability.",
    "The external risks to the economy and the financial system come from a fragile global environment.",
    "Policy measures are recommended to reduce dollarization.",
    "Banking-sector resilience: Buffers established after the 2002 banking crisis have provided protection against global financial turmoil.",
    "Macroeconomic performance: Growth has been robust and the outlook continues to be favorable.",
    "Inflation and capital flows: Inflation persists; capital inflows have improved and policy measures have been taken in response.",
    "Macrofinancial vulnerability: No obvious signs of near-term domestic macrofinancial vulnerability were identified.",
    "External risk exposure: External risks stem primarily from a fragile global environment.",
    "Implement measures to reduce dollarization in the financial system.",
    "**Uruguay: Financial System Stability Assessment; IMF Country Report 13/152; November 29, 2012**"
  ],
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