Program for Strengthening Public Policy and Fiscal Management to Address the Health and Economic Crisis Caused by COVID-19 in Uruguay
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
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
5034/OC-UR Sovereign Guaranteed USD - United States Dollar Ordinary Capital Flexible Financing Facility
Operation Number 5034/OC-UR
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Flexible Financing Facility