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Uruguay - Country partnership framework for the period FY11-15 : IEG review (English)

Uruguay is one of the richest countries in Latin America, and the economic context for this CPS was one of initially high growth, slowing down during the second half of the CPS period primarily owing to weakening external conditions. Average growth was about 5 percent annually during the period, but growth slowed significantly starting in 2012 and is projected at 1.6 percent in 2015 by the IMF. This slowdown was problematic because Uruguay success in reducing poverty was primarily a function of rapid job creation accompanied by significant growth in real wages. The key challenge for the government during the CPS period was to continue reducing poverty in a sustainable way, while enhancing competitiveness of the economy. The government defined its longer term priorities in a five-year budget coinciding with the 2010-2015 mandates of the new administration and with the CPS period. The priorities were to: 1) adhere to prudent fiscal policies, 2) strengthen competitiveness, 3) expand and improve social service delivery, especially education, 4) enhance productivity and job generation in the agriculture and food sector, 5) protect the environment and mitigate the effects of climate change, and 6) improve the security of citizens. The CPS supported government priorities structuring interventions to help Uruguay sustain growth by enhancing infrastructure and improving living standards. The focus areas of the WBG program were: (a) reducing macroeconomic vulnerabilities and strengthening public sector administration, (b) enhancing competitiveness and infrastructure, (c) improving agriculture and the environment, and mitigating climate change, and (d) improving inclusion and equity.

Details

  • Document Date

    2016/01/07

  • Document Type

    CAS Completion Report Review

  • Report Number

    103328

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Uruguay,

  • Region

    Latin America & Caribbean,

  • Disclosure Date

    2016/02/16

  • Disclosure Status

    Disclosed

  • Doc Name

    Uruguay - Country partnership framework for the period FY11-15 : IEG review

  • Keywords

    Environmental and Social Risk Rating;economic and sector work;Oil and Gas Sector;sustainable management;effect of climate change;analytical and advisory;access to financial service;human resource in health;electronic point of sale;climate change adaptation measures;net official development assistance;Analytic and Advisory Activities;public debt profile;net public debt;results framework;public sector capacity;decision support system;public sector administration;public sector indebtedness;division of labor;national health insurance;national road network;Civil Service Reform;equality of opportunity;institutional capacity building;prudent fiscal policy;climate smart agriculture;high oil price;Investment Project Financing;local currency financing;impact of intervention;education quality improvement;private sector worker;fiscal deficit reduction;Public Procurement System;mitigating climate change;biodiversity conservation practice;sustainable production system;short of target;central government institution;liquefied natural gas;Natural Resource Management;Solid Waste Management;trade and competitiveness;lack of interest;private sector representative;Energy and Mining;supply of energy;export supply chain;improvements in efficiency;natural disaster risk;access to sewerage;Government Procurement System;capital market activity;satisfactory progress;foreign currency;institutional framework;outcome indicator;social inclusion;targeted outcomes;program objectives;review period;investment operation;government preference;development partner;stock exchange;global knowledge;comprehensive education;causal chain;causal link;intermediate indicator;trust funded;Basic Education;enhancing competitiveness;expenditure program;government priority;social reform;social program;comparative advantage;external environment;knowledge work;debt sustainability;food sector;e-government reform;family allowance;early detection;sewerage network;test score;donor coordination;social compact;procurement software;rail sector;power utilities;program outcome;social transfer;power utility;Macroeconomic Vulnerability;road safety;Environmental Assessment;living standard;job generation;complementary financing;bank intervention;iron ore;public finance;sustainable way;real wage;citrus fruit;disbursement ratio;Job Creation;programmatic classification;urban school;program documents;domestic partner;public entity;retired worker;administrative processes;financing instrument;school program;Technology Transfer;agricultural decision;electronic format;external factor;logistics management;electricity price;portfolio review;basic infrastructure;eradicating poverty;national energy;government's vision;government experts;insufficient information;Informal Economy;increased risks;severe drought;derivative transaction;economic slowdown;advanced country;external condition;involuntary resettlement;cultural property;census data;dairy cooperative;joint financing;bank conduct;gender issue;Advisory services;development target;public provider;livestock producer;transfer program;net disbursements;global economy;ms access;bank finance;research consortium;graduate program;Bank Fund;knowledge product;import terminal;commercial energy;regulatory legislation;railway regulator;idf grant;industrial pollution;youth employment;dairy producer;strategic areas;uruguayan peso;water utilities;drought events;government supplier;international standard;water loss;financial statement;public policy;water meter;national producers;swap market;bank operation;sovereign debt;Social Protection;currency risk;local bank;public expenditure;Natural Resources;small farmer;institution building;gas recovery;public security;river transport;public education;efficiency gain;fiscal space;political process;conservative approach;generally well;income inequality;government ownership;barge transport;strategic focus;Fiscal policies;road condition;trade finance;water utility;river transportation;demographic change;Health Promotion

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Citation

Uruguay - Country partnership framework for the period FY11-15 : IEG review (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/827451468190163589/Uruguay-Country-partnership-framework-for-the-period-FY11-15-IEG-review