Uruguay Green and Resilient Growth Development Policy Loan

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The development objective of the Green and Resilient Growth Development Policy Loan for Uruguay is to promote: (i) greening of the economy, and (ii) stronger and more resilient growth. The two pillars of this operation support these efforts by endorsing measures that mitigate greenhouse gas (GHG) emissions and promote biodiversity, which contribute to global public goods and underpin the country’s brand on climate stewardship, increasingly important for its integration into the global economy. This operation also promotes institutional strengthening and structural measures that advance competitiveness and resilience in the face of negative shocks, a critical contribution coming out of the Coronavirus disease (COVID) pandemic, which followed years of sluggish growth and stagnating productivity due to long-standing growth bottlenecks.