21 May 2007
In May 2007, the World Bank’s Board of Directors approved a US$26 million loan to Uruguay in order to implement the Promoting Innovation to Enhance Competitiveness Project.
The project’s main objective is to support the Government of Uruguay in strengthening the country’s capacity to generate, transfer, and adapt knowledge and new technology. Within this objective, the project will support the strengthening of the institutional framework for: science, technology, and innovation; investments in training and education; technology transfer and private sector innovation; and research collaboration and mobility of researchers between universities and the productive sector.
The project is fully aligned with the pillars of the 2005-2010 World Bank Country Assistance Strategy for Uruguay, which include reducing vulnerability, sustaining growth, and improving the standard of living.
The US$26 million fixed-spread loan has a repayment period of 15 years, including a five-year grace period.
For more information on the Promoting Innovation to Enhance Competitiveness Project:
http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P095520
For more information on the World Bank’s work in Uruguay:
http://www.worldbank.org/uy
If you would like to download Uruguay’s 2005-2010 Country Assistance Strategy:
http://siteresources.worldbank.org/INTURUGUAY/Resources/CASFinalIngles.pdf
Contact information:
In Washington: Patricia da Camara (202) 473-4019
pdacamara@worldbank.org
In Montevideo: Valeria Bolla (598-2) 916-9400
vbolla@worldbank.org