UR-L1140 : Investment, Trade and Innovation Framework Modernization Program
Project Status: Approved
The general objective of the program is to modernize the normative-institutional framework of investment, trade and innovation to consolidate sustainable economic growth in Uruguay through: (i) modernization of the normative-institutional framework of investment and trade in order to promote internationalization of the country; and (ii) strengthening incentives to invest in innovation to improve the development of local capacities to optimize their impact on the national economy. Components: (i) Macroeconomic framework; (ii) Modernization of the regulatory and institutional framework for investment and trade; and (iii) Modernization of incentives for productive innovation. This operation is the first of two consecutive, technically linked to each other, but independently financed under the Programmatic Policy Support Loan (PBP) modality with deferred withdrawal option.