First Programmatic Reform Implementation DPL

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The proposed Programmatic Reform Implementation Development Policy Loan (PRIDPL I) to the Oriental Republic of Uruguay is the first of two operations to support implementation of priority economic and social sector reforms as determined by the government. The loan is the second DPL under the FY05-FY10 Country Assistance Strategy (Report No. 31804-UY). The first DPL was the Social Program Development Policy Loan (SPDPL) approved in June 2005 with the CAS. The amount of the Loan is to be disbursed in a single tranche upon effectiveness. In line with priorities set by the government, the PRIDPL I would support the implementation o f reforms in three key areas: (i) tax reform; (ii) the business climate and capital markets; and (iii) the social protection system where the loan builds on the achievements o f the SPDPL.