Uruguay : Ex Post Assessment of Longer-Term Program Engagement—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Uruguay

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Release Date: © June, 2005
ISBN : 978-1-45183-930-2
Stock #: 1URYEA2005003
Stock Status: On back-order

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This paper presents an Ex Post Assessment of Longer-Term Program Engagement for Uruguay. Uruguay has had a series of Stand-By Arrangements that were treated mostly as precautionary between March 1996 and early 2002. These were viewed as a helpful seal of approval, and a vehicle for intensive IMF monitoring. The authorities undertook significant reforms during this period—notably a pension reform, a reduction in public employment, and a lengthening of wage indexation lags. However, other reforms were either not undertaken or completed with a delay.


Crisis prevention , Economic policy , Fiscal policy , IMF governance and operations , Monetary policy , Operations , Use of Fund Resources

More publications in this series: IMF Staff Country Reports