Uruguay : Request for Stand-By Arrangement—Staff Report; Staff Supplements; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Uruguay
This paper examines Uruguay’s Request for a Stand-By Arrangement. Although the external current account shifted to a moderate deficit, mainly reflecting the recovery in imports, export performance has been robust, and gross international reserves are now about three-fourths their pre-crisis level. The authorities’ program appropriately focuses on fiscal consolidation keeping inflation low through prudent monetary policy, promoting sound credit flows in a strengthened financial system, and other growth-oriented reforms. Key to maintaining macrostability will be achieving sufficiently large primary surpluses over the medium term to keep the public debt on a firm downward path
Year of publication: |
2005
|
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Institutions: | International Monetary Fund ; International Monetary Fund (contributor) |
Publisher: |
Washington, D.C : International Monetary Fund |
Subject: | IWF-Kredit | IMF lending | Uruguay |
Saved in:
freely available
Extent: | Online-Ressource (97 p) |
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Series: | IMF staff country report. - Washington, DC : IMF, ZDB-ID 2390613-3. - Vol. Country Report No. 05/235 |
Type of publication: | Book / Working Paper |
Language: | English |
ISBN: | 1-4518-3931-6 ; 978-1-4518-3931-9 |
Other identifiers: | 10.5089/9781451839319.002 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014405950
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