## Uruguay: Financial System Stability Assessment

_IMF Staff Country Reports, May 31, 2013_

## Source details

**Canonical URL:** [Uruguay: Financial System Stability Assessment](https://www.imf.org/en/publications/cr/issues/2016/12/31/uruguay-financial-system-stability-assessment-40627)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/uruguay-financial-system-stability-assessment-40627/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/uruguay-financial-system-stability-assessment-40627/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/uruguay-financial-system-stability-assessment-40627/bundle-manifest.json)

## Bibliographic details
- Published: May 31, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484399255.002

---

### Overview
- 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.

### Major Findings
- 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.

### Policy Recommendations
- Implement measures to reduce dollarization in the financial system.

---

## Content in this bundle

- **Uruguay: Financial System Stability Assessment; IMF Country Report 13/152; November 29, 2012**
  - [Uruguay: Financial System Stability Assessment; IMF Country Report 13/152; November 29, 2012 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2013/_cr13152.pdf.md){rel="alternate" type="text/markdown"}
  - [Uruguay: Financial System Stability Assessment; IMF Country Report 13/152; November 29, 2012 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2013/_cr13152.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/uruguay-financial-system-stability-assessment-40627_