The general objective of the program is to strengthen the efficiency, effectiveness, and equity of public policy and fiscal management to address the health and economic crisis caused by COVID-19, through the design and implementation of effective and fiscally responsible policy measures. The specific objectives are: (i) to promote the availability and timely execution of public resources to address the health crisis caused by COVID-19; (ii) strengthen the countercyclical effect of fiscal policy through the temporary introduction of measures to protect the income of vulnerable households and to increase the liquidity of firms during the health and economic crisis; (iii) support the effective and continuous provision of essential goods and services through policy and public management measures; and (iv) promote economic and fiscal recovery in the post pandemic period.
Project Detail
Country
Uruguay
Project Number
UR-L1170
Approval Date
May 21, 2020
Project Status
Closed
Project Type
Loan Operation
Sector
REFORM / MODERNIZATION OF THE STATE
Subsector
FISCAL POLICY FOR SUSTAINABILITY AND GROWTH
Lending Instrument
Policy-Based Loan
Lending Instrument Code
PBL
Modality
PBP (Programmatic Policy Base Loan)
Facility Type
-
Environmental and Social Impact Category (ESIC)
Category B13: Uncategorized Directive B.13
Total Cost
USD 350,000,000.00
Country Counterpart Financing
USD 0.00
Original Amount Approved
USD 350,000,000.00