Peru: Staff Report for the 2002 Article IV Consultation, First Review Under the Stand-By Arrangement, and Request for Modification and Waiver of Performance Criteria

March 14, 2003

Preview Citation

Format: Chicago

Peru: Staff Report for the 2002 Article IV Consultation, First Review Under the Stand-By Arrangement, and Request for Modification and Waiver of Performance Criteria, (USA: International Monetary Fund, 2003) accessed November 24, 2024

Summary

This paper examines Peru’s 2002 Article IV Consultation, First Review Under the Stand-By Arrangement, and a Request for Modification and Waiver of Performance Criteria. The fiscal policy was tightened in early 2002 from the expansionary stance in the second half of 2001. The baseline medium-term outlook is favorable, albeit not without risks. Assuming sound macroeconomic policies and structural reforms continue, Peru should be able to achieve medium-term growth of 5 percent. However, the domestic political situation contains clear risks, potentially holding up tax reform and undermining fiscal discipline.

Subject: Banking, Central banks, Economic sectors, External debt, International reserves, National accounts, Private investment, Public debt, Public sector

Keywords: CR, Economy, Financing plan, Global, Government, Inflation targeting framework, International reserves, ISCR, Private investment, Public sector, Review of Peru, Staff appraisal, Stand-by agreement

Publication Details

Pages:

87
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2003/072
Stock No:

1PEREA0012003
ISBN:

9781451830989
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports