TY - BOOK ID - 84547339 TI - 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. AU - International Monetary Fund. AU - International Monetary Fund PY - 2005 SN - 1462345239 1452752400 1283570688 1451889461 9786613883131 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Banks and Banking KW - Exports and Imports KW - Financial Risk Management KW - Money and Monetary Policy KW - Public Finance KW - Debt KW - Debt Management KW - Sovereign Debt KW - International Lending and Debt Problems KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Monetary Policy KW - Public finance & taxation KW - International economics KW - Banking KW - Monetary economics KW - Finance KW - Economic & financial crises & disasters KW - Public debt KW - External debt KW - Credit KW - Commercial banks KW - International reserves KW - Central banks KW - Financial institutions KW - Money KW - Debts, Public KW - Banks and banking KW - Debts, External KW - Foreign exchange reserves KW - Uruguay UR - https://www.unicat.be/uniCat?func=search&query=sysid:84547339 AB - 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. ER -