Peru: Staff Report for the 2000 Article IV Consultation and Request for a Stand-By Arrangement
IMF Staff Country Reports, March 19, 2001
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- Peru: Staff Report for the 2000 Article IV Consultation and Request for a Stand-By Arrangement
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Bibliographic details
- Authors: Arrangement Peru's
- Published: March 19, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451830965.002
Overview
- Peru's economic performance was influenced by adverse external shocks and political uncertainty.
- The interim government's stated economic objective was to secure macroeconomic stability during the transition to a new government while progressing on structural reforms.
Executive Directors' assessment
- Welcomed the interim government's economic objective to secure macroeconomic stability in the transition to a new government, while making progress on structural reforms.
- Stressed the need to strengthen:
- the soundness of the banking system,
- monetary policy, and
- fiscal policy.
- Welcomed:
- the transparency of government operations,
- the tax administration,
- the quality of labor market data,
- the flexible exchange rate system, and
- an open trade and payments regime.
Key findings
- External shocks and political uncertainty were central influences on recent economic performance.
- Financial sector soundness required reinforcement to support macroeconomic stability.
- Institutional practices in transparency, tax administration, labor market data, exchange rate flexibility, and openness in trade and payments were seen as strengths.
Policy recommendations and priorities
- Strengthen the banking system's soundness.
- Reinforce monetary policy frameworks to support stability.
- Consolidate fiscal policy to ensure sustainability during the political transition.
- Continue progress on structural reforms to support medium-term growth.
Peru: Staff Report for the 2000 Article IV Consultation and Request for a Stand-By Arrangement, March 19, 2001.