Uruguay, Nov. 25 -- Uruguay will modernize its fiscal and customs management to strengthen the business environment with a $20 million loan approved by the Inter-American Development Bank (IDB) Board of Executive Directors.This operation will finance investments to improve the effectiveness of tax and customs administration and increase the efficiency of public financial management. This loan is the first operation under a Conditional Credit Line for Investment Projects (CCLIP) of $100 million, which was also approved by the Board.The project will facilitate tax compliance and optimize processes that are expected to benefit 1.4 million individuals and 430,000 companies. It will also help reduce customs clearance times and tax evasion, parti...