2nd. Programmatic Public Sector, Competitiveness and Social Inclusion Development Policy Loan with Drawdown Option

closed

The development objective of this Second Programmatic Public Sector, Competitiveness, and Social Inclusion Development Policy Loan with Drawdown Option Project for Uruguay is strengthen public sector administration; improving competitiveness through measures seeking to facilitate trade; strengthen the business environment and develop financial markets; improving social inclusion through measures seeking to enhance the equity and efficiency of health; and education and social protection services. The development policy loan (DPL) with a deferred drawdown option (DDO) is the second and final of a programmatic series of two loans. The series supports the implementation of economic and social sector reforms in the following areas: (i) strengthening the efficacy of the public sector; (ii) improving competitiveness; and (iii) making further advances on social inclusion, through improvements in efficiency and equity of social sector services delivery. The second DPL plays an important role in continuing and deepening support to existing components of the reform program supported by the first DPL. The move from the DPL envisaged in the Country Partnership Strategy (CPS) to a DPL with a Deferred Drawdown Option (DDO) reflects growing concerns about deteriorating international financial market conditions.