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Montevideo, Uruguay

Legislative Palace, Montevideo. Wikimedia Commons.

Uruguay Resident Representative Site

Resident Representative Office in Uruguay

This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Uruguay and the IMF. Additional information can be found on Uruguay and IMF country page, including official IMF reports and Executive Board documents in English and Spanish that deal with Uruguay.

News and Highlights


Strong Recovery in Latin America, But Eye on Overheating

With many Latin American and Caribbean economies recovering faster than anticipated, the challenge for policymakers is ensuring a moderation in domestic demand to avoid overheating, the IMF said. click for more

Larger Latin American Economies Recovering Faster than Expected

Latin American countries are recovering more strongly than expected from the global recession, but the pace of that recovery varies across the region, said Nicolás Eyzaguirre, Director of the IMF’s Western Hemisphere Department. click for more

Post-Crisis Bank Behavior: Lessons from Mercosur

Working Paper by Sanya, Sarah O. | Mlachila, Montfort click for more

Uruguay and The IMF

Transcript of the Western Hemisphere Department Briefing

April 17, 2015

Uruguay: Selected Issues Paper

March 26, 2015
Series: Country Report No. 15/82 click for more

Uruguay: 2014 Article IV Consultation-Staff Report; and Press Release

March 26, 2015
Series: Country Report No. 15/81 click for more

Press Release: IMF Executive Board Concludes 2014 Article IV Consultation with Uruguay

February 26, 2015

Are Foreign Banks a 'Safe Haven'? Evidence from Past Banking Crises

February 26, 2015
Author/Editor: Gustavo Adler ; Eugenio Cerutti
Series: Working Paper No. 15/43
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Regional Economic Outlook: Western Hemisphere

image from the publication cover

Growth in Latin America and the Caribbean (LAC) has slowed down more than anticipated, as weak dynamics in South America have outweighed an incipient recovery in Mexico. Lower-than-expected external demand and softer terms of trade explain some of the weakness, but domestic supply-side bottlenecks and policy uncertainties have also weighed on confidence and private demand in several economies. Notwithstanding the projected pick-up in activity over the period ahead, growth is projected to be as low as 1.3 percent in 2014 and 2.2 percent in 2015. Spare capacity remains limited, however, underscoring the urgency of supply-side reforms to boost productivity and potential growth. Monetary policy and exchange rate flexibility should continue to serve as the first line of defense against adverse shocks, while a looser fiscal stance is unwarranted in most countries, especially those with weak public finances. Financial sector risks bear close monitoring, as the confluence of lower growth, rising U.S. interest rates, and geopolitical tensions could pose a considerable challenge. Click for more