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UY - COVID-19 Response & Economic Recovery

Abstract*

The development objective of the Coronavirus 2019 (COVID-19) and Economic Recovery Emergency Development Policy Financing for Uruguay is to support the Government of Uruguay in: (i) mitigating the economic and social impact of the COVID-19 outbreak, and (ii) laying the foundations for a strong and resilient economic recovery. It will also support vulnerable firms, notably micro, small and medium-sized enterprises (MSMEs), with temporary measures aimed...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The development objective of the proposed operation is to support the Government of Uruguay in (i) mitigating the economic and social impact of the COVID-19 outbreak and (ii) laying the foundations for a strong and resilient economic recovery.

Key Details

Project Details

  • P172796

  • Closed

  • Fernando Giuliano

  • Oriental Republic of Uruguay

  • Uruguay

  • May 20, 2020

  • (as of board presentation)

    June 25, 2020

  • January 27, 2021

  • US$ 400.00 million

  • N/A

  • N/A

  • December 31, 2021

  • BANK APPROVED

  • January 25, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 400.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 400.00
IDA Commitment N/A
IBRD + IDA Commitment 400.00
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Feb 24, 2021 IBRD-91400 Loan Disb 120,000,000.00
Feb 5, 2021 IBRD-91400 Fee Charges 1,000,000.00
Feb 15, 2023 IBRD-91400 Int Charges 645,949.80
Feb 15, 2023 IBRD-91400 Int Charges 8,917,253.00
Aug 15, 2021 IBRD-91400 Int Charges 291,506.84
Aug 15, 2021 IBRD-91400 Int Charges 447,200.00
Aug 15, 2024 IBRD-91400 Loan Repay 6,731,373.50
Aug 15, 2024 IBRD-91400 Loan Repay 18,750,000.00
Aug 15, 2024 IBRD-91400 Int Charges 12,337,479.00
Feb 15, 2024 IBRD-91400 Int Charges 116,316.26
Feb 15, 2022 IBRD-91400 Int Charges 163,835.62
Jun 25, 2020 IBRD-91400 Loan Commitment 400,000,000.00
Aug 15, 2023 IBRD-91400 Int Charges 11,017,165.00
Jul 16, 2024 IBRD-91400 Loan Disb 100,088,368.00
Jul 16, 2024 IBRD-91400 Loan Disb -100,088,368.00
Jul 16, 2024 IBRD-91400 Loan Disb 100,088,368.00
Jul 16, 2024 IBRD-91400 Loan Disb -100,000,000.00
Aug 15, 2023 IBRD-91400 Int Charges 419,429.12
Sep 27, 2021 IBRD-91400 Loan Disb 100,000,000.00
Dec 2, 2021 IBRD-91400 Loan Disb 180,000,000.00
Feb 15, 2024 IBRD-91400 Int Charges 12,783,524.00
Aug 15, 2022 IBRD-91400 Int Charges 2,459,684.80
Feb 15, 2022 IBRD-91400 Int Charges 1,021,200.00
Aug 15, 2024 IBRD-91400 Int Charges 153,143.34
Aug 15, 2024 IBRD-91400 Int Charges 73,511.46

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 01-24-2023
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 06-27-2023PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualityN/a

Results Framework

No data available.