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Financial System Reform Support Program

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

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