01768cas a2200241 a 4500 AALejournalIMF009823 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451839401 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Uruguay : 2007 Article IV Consultation; Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Uruguay. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (69 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Sound policies and favorable external conditions have led to a strong economic recovery, but important challenges lie ahead. Uruguay's near-term economic prospects are generally favorable. The main short-term challenge is rising inflation in the wake of vigorous growth and capital inflows. The reduction of vulnerabilities in recent years has been a major accomplishment, but challenges remain. The objectives and instruments of monetary policy should be clarified. Maintaining high primary fiscal surpluses is essential to reduce the debt burden. Further improving the business climate is key. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2008/045 Full text available on IMF http://elibrary.imf.org/view/journals/002/2008/045/002.2008.issue-045-en.xml IMF e-Library