The International Monetary Fund has completed its 2010 review of Uruguay’s economic performance. Ulric Erickson von Allmen, who headed the IMF mission that conducted the review, commended the country for its “remarkable recovery” from a domestic crisis in 2002. The official added that Uruguay rebounded swiftly from the global economic downturn of 2009. IMF forecast that the country’s real gross domestic product will grow by up to 8.5 percent in 2010, driven by strong exports and robust domestic economic activity, he noted

    About the author

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      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.