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
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.
Uruguay and The IMF
March 26, 2015
Series: Country Report No. 15/82
Regional Economic Outlook: Western Hemisphere
The economic outlook for Latin America and the Caribbean remains very challenging. Regional growth is projected to decline for a fifth consecutive year in 2015, dipping below 1 percent. Weakness is concentrated among South America's commodity exporters, where falling global commodity prices have compounded country-specific challenges. Meanwhile, growth is projected to be steady or stronger for most of the Caribbean, Central America, and Mexico, supported by lower oil bills for importers and robust economic recovery in the United States. The analysis in this report examines core challenges facing the region: the impact of lower commodity prices on fiscal and external positions, the drivers of the slowdown in investment, and the role of economic diversification for longer-term growth prospects.