Economy & Business - April 2005

URUGUAY: Booming growth in 2004

Southern Cone 27 April 2005 Modified: 26 April 2005 186 views

The government agreed a deal with the IMF for a three year standby in mid April. The deal still has to be approved, formally, by the IMF board. The main target is a fiscal deficit of 1% in 2005, and a primary fiscal surplus (ie before debt payments) of 3.5% of GDP in 2005. 

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