INDUSTRIAL CREDIT II

closed

The main objectives of the project would be to: (a) finance productive industrial, agroindustrial and tourism investments within the framework of Uruguay's import liberalization policies to improve the international competitiveness of Uruguayan industrial and tourism enterprises; (b) help establish project promotion and formulation capacity within participating private intermediary banks; and (c) provide technical assistance to the main appraisal unit under the proposed project (UA) and to industrial borrowers to improve their production, technology, and managerial efficiency. The project would help the country improve the international competitiveness of its industrial and tourism enterprises within the framework of its import liberalization policies. The project is expected to have a significant development impact through industrial growth, foreign exchange earnings and savings, employment generation and institutional improvements.