## Uruguay: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Payment Systems

_IMF Staff Country Reports, December 14, 2006_

## Source details

**Canonical URL:** [Uruguay: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Payment Systems](https://www.imf.org/en/publications/cr/issues/2016/12/31/uruguay-financial-system-stability-assessment-including-reports-on-the-observance-of-20178)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/uruguay-financial-system-stability-assessment-including-reports-on-the-observance-of-20178/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/uruguay-financial-system-stability-assessment-including-reports-on-the-observance-of-20178/index.json)
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## Bibliographic details
- Published: December 14, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451839388.002

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### Financial system resilience
- Improved liquidity and capital adequacy have increased the Uruguayan banking system’s capacity to withstand shocks.
- Proposed amendments are improving the autonomy and accountability of banks.

### Remaining macroeconomic and financial risks
- High level of government debt.
- Guarantees to state banks.
- High dollarization.
- High share of nonresident deposits.

### Insurance and pension sectors
- The insurance sector suffered from the crisis.
- The pension system weathered the crisis relatively well.

### Policy responses and stabilization
- The authorities implemented a stabilization program following the crisis.

### Capital markets
- Capital markets in Uruguay are small and illiquid.

*International Monetary Fund. Uruguay: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Payment Systems (IMF Staff Country Reports 2006, 439).*

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## Content in this bundle

- **_cr06439 — Executive Summary**
  - [_cr06439 — Executive Summary (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2006/_cr06439.pdf.md){rel="alternate" type="text/markdown"}
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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/uruguay-financial-system-stability-assessment-including-reports-on-the-observance-of-20178_