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Uruguay - Second Programmatic Public Sector, Competitiveness, and Social Inclusion Development Policy Loan with Drawdown Option Project : Uruguay - Segundo Prestamo Programatico Para Politicas de Desarrollo Sobre Sector Publico, Competitividad e Inclusion Social Con Opcion de Giro Diferido (Spanish)

The development objective of this Second Programmatic Public Sector, Competitiveness, and Social Inclusion Development Policy Loan with Drawdown Option Project for Uruguay is strengthen public sector administration; improving competitiveness through measures seeking to facilitate trade; strengthen the business environment and develop financial markets; improving social inclusion through measures seeking to enhance the equity and efficiency of health; and education and social protection services. The development policy loan (DPL) with a deferred drawdown option (DDO) is the second and final of a programmatic series of two loans. The series supports the implementation of economic and social sector reforms in the following areas: (i) strengthening the efficacy of the public sector; (ii) improving competitiveness; and (iii) making further advances on social inclusion, through improvements in efficiency and equity of social sector services delivery. The second DPL plays an important role in continuing and deepening support to existing components of the reform program supported by the first DPL. The move from the DPL envisaged in the Country Partnership Strategy (CPS) to a DPL with a Deferred Drawdown Option (DDO) reflects growing concerns about deteriorating international financial market conditions.

Details

  • Document Date

    2011/09/21

  • Document Type

    Program Document

  • Report Number

    61568

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Uruguay,

  • Region

    Latin America & Caribbean,

  • Disclosure Date

    2012/02/16

  • Disclosure Status

    Disclosed

  • Board Meeting Date

    2011-10-25T00:00:00Z

  • Doc Name

    Uruguay - Segundo Prestamo Programatico Para Politicas de Desarrollo Sobre Sector Publico, Competitividad e Inclusion Social Con Opcion de Giro Diferido

  • Keywords

    Access to Information, Accounting, Accounting Standards, active debt, agricultural commodities, amortization, Asset quality, Bank loan, banking sector, banking system, bankruptcy, Bankruptcy Law, Bankruptcy laws, beneficiaries, Bond, Borrower, borrowing requirements, budgeting, capacity constraints, capital adequacy, capital flows, capital gains, Capital market development, capital markets development, capitalization, Central Bank, commodity price, commodity prices, Conditionality, corporate governance, Country Procurement, Country Procurement Assessment, credibility, CURRENCY, current account deficit, Debt, debt burden, debt crisis, debt management, debt ratio, Debt service, Debt Sustainability, deposits, Development Bank, Disbursement, domestic currency, Economic Developments, Economic Growth, Economic risks, Emerging Markets, entry requirements, equipment, Exchange Rate, Expenditure, expenditures, export competitiveness, exporter, exporters, Financial Accountability, financial crises, financial crisis, financial institutions, financial instruments, Financial Management, financial markets, Financial Sector, financial shocks, financial stability, financial support, financial system, Financing Requirements, fiscal deficit, Fiscal Performance, fiscal policies, fiscal policy, fixed investment, Flexible Loan, foreign currency, foreign currency debt, Foreign Direct Investment, Foreign Trade, fraud, governance standards, Grace Period, Gross Domestic Product, Gross Public Debt, Health Insurance, Health Services, human capital, Income Tax, Indebtedness, inflation, inflationary pressures, information system, information technology, infrastructure investments, Institutional Development, instrument, Insurance, Interest payments, interest rate, interest rate risk, interest rates, INTERNATIONAL BANK, international capital, international capital market, international capital markets, international financial market, International Financial Statistics, international interest, international markets, international trade, Investment Climate, investment financing, investment opportunities, investor confidence, issuance, Labor market, legal framework, legal provision, legal reform, legal reforms, liquid assets, Liquidity, liquidity ratio, Liquidity Risk, living standards, LOAN, Loan Agreement, Loan Amount, loan proceeds, Local Governments, Long-term debt, Macroeconomic Indicators, macroeconomic policies, macroeconomic policy, market access, market borrowing, market conditions, market participants, market players, maturities, Maturity, Ministry of Economy, Monetary Fund, monetary policy, Mortgage, National Agency, national savings, negative shocks, Net debt, Non-performing loan, non-performing loans, nonperforming loans, NPL, oil prices, pension, pension funds, Performance Indicators, Personal Income, Personal Income Tax, portfolios, Poverty Reduction, private banks, private financial institutions, private investment, Programs, public debt, Public Expenditure, Public Expenditure Review, public finances, Public Financial Management, Public Health, Public investment, PUBLIC SECTOR, Public Sector Debt, Public Sector Financing, public sector management, public spending, real interest, real interest rate, reform program, regulatory framework, repayment, return, return on assets, returns, risk factors, risk management, risk management system, risk management tool, securities, Settlement, short-term instruments, short-term liquidity, Social Insurance, Social Security, Social Security Financing, sovereign risk, Stock Exchange, stock exchanges, stock market, stock market capitalization, stocks, Sustainability Analysis, Tax, tax incentives, telecommunications, trade balance, tranche, Transparency, Transparency Law, withdrawal, withholding tax

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Citation

Uruguay - Second Programmatic Public Sector, Competitiveness, and Social Inclusion Development Policy Loan with Drawdown Option Project : Uruguay - Segundo Prestamo Programatico Para Politicas de Desarrollo Sobre Sector Publico, Competitividad e Inclusion Social Con Opcion de Giro Diferido (Spanish). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/676591468318571381/Uruguay-Segundo-Prestamo-Programatico-Para-Politicas-de-Desarrollo-Sobre-Sector-Publico-Competitividad-e-Inclusion-Social-Con-Opcion-de-Giro-Diferido