Uruguay Approves US$300 Million World Bank Development Loan

On 4 November, President Yamandú Orsi approved the draft loan agreement between Uruguay and the World Bank’s International Bank for Reconstruction and Development for US$300 million. The financing supports reforms intended to improve competitiveness, attract private investment, generate quality employment and preserve fiscal sustainability. The agreement includes an initial fee of 0.25% of the loan amount. The financing creates opportunities in public financial management, investment planning and economic reform advisory. HPC can support financial modelling, programme monitoring and development-finance analysis.