UR-L1076 : Program for Strategic International Positioning

Project Status
Approved

During the last decade Uruguay has improved its international position through policies of economic liberalization and investment promotion. The country has attracted significant investment projects that underpinned its growth process. The location of these projects was due to a combination of factors, among which we would highlight its strategic location to supply major markets of South America, the availability of resources and various policies to attract investments driven by the public sector. In this regard, the Government of Uruguay has initiated has initiated a series of reforms in recent years that are intended to achieve a sustained process of consolidating long-term investment. Among the major policy reforms that the present government is committed to promote are: i) the adequacy of investment promotion regime seeking to optimize their impact and improving transparency thereof, ii) compliance with global standards of exchange international information on financial and fiscal, searching the country to continue advancing in the various stages of the peer review process of the Global Forum on Transparency and Exchange of Information in Tax Matters iii) the creation of a regulatory framework for sharing risks between the public and private infrastructure projects generating large APP for specific projects, iv) actions for the modernization of trade facilitation practices and updating of customs rules, and v) implementation of policies that enable innovation deepen development impact of FDI.

PROJECT DETAIL

Project Number UR-L1076
Financial Information
Project Number UR-L1076
Project Status Implementation
IDB Financing
Financing Type FFF
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date JUL 31, 2015
Estimated Cofinancing H USD 183,750,000
Cancelled Amount H USD 0
Undisbursed Amount H USD 183,750,000
Disbursed to Date R USD 0
Repayments R USD 0
Principal Debt Relief Amount R USD 0
Amount Outstanding R USD 0
Income Collected R USD 1,802,260
Roles & Responsibilities
Borrower Republica Oriental De Uruguay
Contract Signature Date MAR 15, 2013
Financial Information
Project Number UR-L1076
Project Status Cancelled
IDB Financing
Financing Type FFF
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date JUL 31, 2015
Estimated Cofinancing H USD 366,250,000
Cancelled Amount H USD 366,250,000
Undisbursed Amount H USD 0
Disbursed to Date R USD 0
Repayments R USD 0
Principal Debt Relief Amount R USD 0
Amount Outstanding R USD 0
Income Collected R USD 3,592,260
Roles & Responsibilities
Borrower Republica Oriental De Uruguay
Contract Signature Date MAR 15, 2013
Country Uruguay
Sector TRADE
Subsector TRADE-EXPORT AND INVESTMENT PROMOTION
Project Type Loan Operation
Project Subtype Programatic Policy Base Loan
Environmental and Social Impact Category Uncategorized

PROJECT INFORMATION

Total Cost H USD 550,000,000
IDB Financing
Reporting currency USD - United States Dollar
Estimated Cofinancing(s) USD 550,000,000
PORTFOLIO DETAILS
Key Value
H Historical
R Revalued

*For active and closed projects, the IDB financing at Board approval is shown in US$ millions. This does not reflect any cancellations. For projects in Preparation the amount shown is the Estimated IDB Financing. Approved projects shows either Estimated IDB Financing or Historic Approved amount. The IDB financing for projects in the pipeline is indicative and may be modified during the project preparatio

Can’t find a document? Request Information

Preparation

Approved

Implementation


Project documents are not available for this project or are only available in another language

SEE IT ON THE MAP