UY - COVID-19 Response & Economic Recovery (WB-P172796)

Countries
  • Uruguay
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 18, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Uruguay
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS May 22, 2020

Disclosed by Bank May 15, 2020


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Project Description

The development objective of the proposed operation is to support the Government of Uruguay in (i) mitigating the economic and social impact of the COVID-19 outbreak and (ii) laying the foundations for a strong and resilient economic recovery.

The policy matrix of the operation includes key priorities in the Government’s emergency response to the COVID-19 crisis and in the medium- term reform program. The first pillar is focused on supporting efforts to cushion the expected strong social and economic impact of the crisis, with a focus on the most vulnerable households and firms that would otherwise by financially viable. The second pillar is reflective is reflective of the ambitious medium-term reform commitments of the Government to support a strong and resilient economic recovery through: (i) instituting a fiscal policy framework that safeguards fiscal and debt sustainability, (ii) improving business climate for private sector development, (iii) enhancing disaster and environmental risk management and, (iv) transforming agricultural production towards higher resilience to climatechange and increased productivity.

Investment Description
  • World Bank (WB)
Contact Information

Borrower

Oriental Republic of Uruguay Mariella Maglia
Director - Multilateral Organisms mariella.maglia@mef.gub.uy

Implementing agency

Ministry of Economy and Finance Mariella Maglia
Director - Multilateral Organisms mariella.maglia@mef.gub.uy

 

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