The objective of the program is to improve the financial system¿s contribution to economic growth in Uruguay by: (i) improving financial regulation and supervision; (ii) developing regulations and instruments to foster the financial inclusion of households and companies; and (iii) strengthening institutions and regulations aimed at providing long-term finance. This operation is the first of two consecutive operations that are linked on a technical level, but financed separately as programmatic policy-based loan (PBL) operations with a deferred drawdown option.
Project Detail
Country
Uruguay
Project Number
UR-L1108
Approval Date
December 16, 2015
Project Status
Closed
Project Type
Loan Operation
Sector
FINANCIAL MARKETS
Subsector
FINANCIAL INCLUSION
Lending Instrument
Policy-Based Loan
Lending Instrument Code
PBL
Modality
DDP (Deferred Drawdown Option PBP)
Facility Type
-
Environmental and Social Impact Category (ESIC)
Category B13: Uncategorized Directive B.13
Total Cost
USD 250,000,000.00
Country Counterpart Financing
USD 0.00
Original Amount Approved
USD 250,000,000.00