Resource information
The policy notes have two objectives:
(i) to present the incoming government team with a menu of
policy options in areas where the World Bank has local and
international experience; and (ii) to provide a framework
for the dialogue between the new governments and the World
Bank on the new Country Partnership Strategy (CPS). As such,
the discussion of these notes with the authorities was also
an opportunity to undertake preliminary consultations on the
Bank's support to Uruguay for 2010-2015. The themes of
the notes were selected by the outgoing authorities based on
ongoing and completed World Bank work, and they prioritize
areas where Bank cooperation would add the most value.
Uruguay's economy is small, but it has many strengths
and high potential for growth and social development. The
country has a long democratic tradition, a political system
characterized by clear rules of the game and governability,
and solid institutions at all levels. Uruguay is one of the
most equitable countries in Latin America and enjoys a
social peace notable in the region. Good macroeconomic
management following the 2002 crisis has reduced country
vulnerabilities and strengthened confidence in its
institutions. These characteristics are very valuable assets
for promoting foreign and domestic investment, essential to
sustain the high growth achieved in recent years. Another
asset is the high coverage of the education system, although
education quality has recently become a challenge.
