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
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
3627/OC-UR Sovereign Guaranteed USD - United States Dollar Ordinary Capital Flexible Financing Facility
Operation Number 3627/OC-UR
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Flexible Financing Facility