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Uruguay: Recent Economic Developments

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  • International Monetary Fund

Abstract

The paper examines the extent to which the recent evolution of the consolidated public sector balance in Uruguay reflects the business cycle. Fiscal policies have generally been cautious, even though some structural reforms, the electoral cycle, and recessions in recent years increased the deficit. Bank soundness indicators differ substantially between private and public banks in Uruguay. The private banking system appears sound. Public banks did not fare as well during the recession, and their soundness needs to be addressed.

Suggested Citation

  • International Monetary Fund, 2001. "Uruguay: Recent Economic Developments," IMF Staff Country Reports 2001/047, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2001/047
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=3990
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    Cited by:

    1. Ivan Trofimov, 2021. "Income terms of trade and economic convergence: Evidence from Latin America," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 46(2), pages 41-67, June.

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