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Investment, Trade and Innovation Framework Modernization Program II

The program's general objective is to modernize the regulatory and institutional framework for investment, trade, and innovation with a view to consolidating sustainable economic growth in Uruguay. Its specific objectives are to: (i) increase investment and international trade by modernizing the regulatory and institutional framework for investment and trade; and (ii) strengthen incentives for investment in innovation. This is the second in a series of two consecutive loan operations that are technically linked but financed independently under the programmatic policy-based loan modality with a deferred drawdown option.

Project Detail

Country

Uruguay

Project Number

UR-L1156

Approval Date

September 11, 2019

Project Status

Closed

Project Type

Loan Operation

Sector

TRADE

Subsector

EXPORT AND INVESTMENT PROMOTION

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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