URUGUAY PAYS 2006 DEBT TO THE INTERNATIONAL MONETARY FUND AHEAD OF SCHEDULE.

NotiSur - South American Political and Economic Affairs | April 21, 2006 | Copyright

Uruguay's government announced plans to repay the US$630 million it owes the International Monetary Fund (IMF) in 2006 ahead of schedule, advancing its payment cycle to the lender and saving millions on interest payments. The move by Uruguay follows recent efforts by neighboring Brazil and Argentina to rid themselves of US$25 billion in obligations to the IMF and could signal that Uruguay will be liquidating its remaining US$1.6 billion in outstanding debt sooner than previously planned. Observers from the IMF saw the payment as a sign that Uruguay was leaving behind the ...

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