IMF News Brief

NEWS BRIEF - IMF Completes First Review and Approves New Increase on Uruguay Stand-By, 8 August.

The International Monetary Fund (IMF) today completed the first review, and approved a further augmentation in an amount equivalent to SDR 376 million (about US$494 million) on its current Stand-By credit to Uruguay. The IMF Executive Board also approved the rephasing of amounts previously committed to Uruguay to allow an immediate drawing of up to the equivalent of SDR 603 million (about US$793 mi