Uruguay
News

IMF recommends reviewing AFAPs' foreign investment mandate

Bnamericas Published: Friday, December 14, 2012
The IMF has recommended reviewing the foreign investment mandate for Uruguayan pension funds (AFAPs), and to start providing pension savers with different portfolio options tailored to their needs. There is scope to strengthen financial sector resilience further and bolster medium-term growth by building on recent progress. A strategy to develop a capital market that promotes efficient allocation of financial resources is needed, the IMF said in a report after its Article IV consultation in the country. It will also be important to enhance financial crisis preparedness and contingency planning, and ensure adequate funding for supervision. "Finally, a dynamic, yet sound, banking system would benefit from a more level playing field among banks," the IMF said.

To continue reading, subscribe to BNamericas to get all the information in this article and access to related news items and reports.

Subscribe to BNamericas and gain access to thousands of project profiles, key contacts and news.

Other projects

Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.

Other companies

Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.

  • Company: Russell Mineral Equipment S.A.  (RME Chile)
  • Russell Mineral Equipment (RME) is an Australian designer, manufacturer and supplier of mill relining technologies. Its product offerings include equipment for feed chute transp...
  • Company: BASF Corporation  (BASF USA)
  • BASF Corporation is the North American subsidiary of BASF SE, the German-based multinational chemical company. BASF's product portfolio includes fungicides, herbicides and seed ...
  • Company: LOTS Group Latin America
  • LOTS Group is an international logistics and technology company born in Sweden. Its subsidiary for Latin America has an office in São Paulo, Brazil and one in Santiago, Chile. P...
  • Company: ABB México, S.A. de C.V.  (ABB México)
  • ABB México, the Mexican subsidiary of Swiss power and automation technologies firm ABB, provides technology and automation services for the electric power, hydrocarbon and petro...
  • Company: APR Energy, LLC
  • APR Energy is a leading provider of energy solutions. Combining fuel efficient technology with industry leading expertise, APR Energy executes your projects quickly and safely w...