Uruguay: 2021 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Uruguay

January 25, 2022

Preview Citation

Format: Chicago

Uruguay: 2021 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Uruguay, (USA: International Monetary Fund, 2022) accessed September 18, 2024

Summary

Uruguay entered the pandemic with solid institutions and social cohesion but growing macroeconomic imbalances—especially slow economic growth and weak public finances—as the end of the last commodity price boom in 2014 uncovered structural weaknesses. A new government came to power in March 2020 with a mandate to boost growth and restore fiscal sustainability. Legislation setting the foundations for many of the reforms has been passed and implementation is advancing––including on a new fiscal rule, and state-owned enterprise (SOE) and pension reforms.

Subject: COVID-19, Economic sectors, Fiscal policy, Fiscal stance, Health, Inflation, International organization, Monetary policy, Prices, Public debt, Public sector

Keywords: Caribbean, Countercyclical monetary policy tool, COVID-19, Fiscal stance, Global, Government finance statistics yearbook, Inflation, Inflation expectation, Liability positions vis-à-vis nonresident, Monetary policy transmission, Policy recommendation, Public sector, Uruguayan peso

Publication Details

Pages:

85
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/016
Stock No:

1URYEA2022001
ISBN:

9798400200236
ISSN:

1934-7685

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