Sovereign Asset and Liability Management
In April 2016, the Central Bank and the Ministry of Finance jointly established a Public Debt Coordination Committee (PDCC), providing an institutional setting to formally coordinate the effective implementation of debt management strategies of the Central Bank and the Government, based on consistent monetary policy and government financing goals. This framework for cooperation between institutions follows international best practices developed by the World Bank. See Constitutive Act.
Since its creation in 2016, the PDCC was tasked with measuring and managing sovereign risk exposures across the consolidated public sector (including the Central Government, the Central Bank and financial and non-financial public corporations). The following 2019 IMF study analyzes Uruguay`s implementation of a Sovereign Asset and Liability Management (SALM) framework across the consolidated public sector:
Find below the quaterly Communiques from the PDCC: