Peru: Selected Issues

September 15, 1998

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Peru: Selected Issues, (USA: International Monetary Fund, 1998) accessed November 22, 2024

Summary

This Selected Issues paper reviews economic developments in Peru during 1995–98. In July 1996, the Executive Board of the IMF approved a follow-up extended arrangement in support of Peru’s program for 1996–98. After a slowdown in 1996, economic activity picked up in 1997 while inflation declined significantly. The net official international reserves position strengthened further, and gross reserves reached the equivalent of close to eight months of imports of goods and services at end-1997. During 1996–97, Peru restructured the debt owed to foreign commercial and Paris Club bilateral creditors.

Subject: Commercial banks, Education, Expenditure, Financial institutions, Health, Income distribution, National accounts, Pension spending

Keywords: Banco de la Nación, Banking law, Banking law bank, Banking system, Commercial banks, Contribution rate, CR, Global, Government, Income distribution, ISCR, Pension spending, Peruvian authorities, Private sector remuneration, Rate, Sub-Saharan Africa, Western Hemisphere, Worker

Publication Details

Pages:

102
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1998/097
Stock No:

1PEREA0011998
ISBN:

9781451830941
ISSN:

1934-7685

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