European Parliament Library

Uruguay :, 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Uruguay

Uruguay has consolidated economic gains, supported by strong macroeconomic policies and a broadly favorable external environment. Growth has exceeded expectations, unemployment has reached record lows, and poverty has continued to fall, while economic vulnerabilities have been significantly reduced. Despite strong credit growth, financial system soundness indicators have improved, showing a well-capitalized banking system, low nonperforming loan ratios and high liquidity levels. Executive Directors have welcomed the measures the authorities have taken to reduce inflationary pressures, including increases in the policy rate and banks’ reserve requirements and tax administrative measures
Table Of Contents
Cover; Contents; Executive Summary; I. Background; Figures; 1. Recent Macroeconomic Performance; 2. Inflation-The Challenge Persists; 3. How Are Uruguay and its Peers Coping with Higher Commodity Prices?; 4. While Medium-Term Vulnerabilities are Still Important, Uruguay is Appropriately Hedged Against Worsening External Conditions in the Near Term; II. Outlook and Challenges; A. Dealing with High Inflation and Capital Inflows; Text Boxes; 1. Sources of Inflationary Pressures; 2. Exchange Rate Assessment; B. Global Financial Crisis, Credit Growth and the Banking System
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (60 p.)
Specific Material Designation
Form Of Item

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